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Ali Martinez, a popular crypto analyst, shared new on-chain insights about XRP. He analyzed the XRP’s UTXO distribution using Glassnode data. Martinez reports that there are no notable resistance zones on the path up for XRP. This indicates a potential price increase in case of sustained buying pressure.
He also identified a crucial support level of $2.38. This level can serve as a strong floor in case the price drops. The buyers may intervene at this zone depending on the previous UTXO data. According to Martinez, this level is still important to keep an eye on the part of traders.
While the general market slows following a rally, XRP remains to rise. The price of XRP token traded at around $2.54 today, with a 20.86% increase in the past week. The trading volume stands at $7.36 billion.
XRP recently broke out of an ascending triangle pattern on the weekly chart. This breakout pattern marks the end of a long consolidation phase. According to him, a strong breakout might push the coin to $15.
The RSI is around 68 on the daily chart. This signals strong buying momentum, though it also warns of a possible short-term pullback. If the RSI climbs higher, price may dip slightly before continuing up. In such a case, the $2.38 level remains important.
Currently, XRP trades near the upper Bollinger Band. It also maintains a strong position above the 20-day simple moving average. This formation affirms bullish strength. The short term prediction lies at $2.7. The MACD also exhibits positive signals. The MACD line remains above the signal line and green bars are visible on the histogram. While momentum is slightly fading, XRP remains in an upward trend.
While XRP gains attention, Salamanca (DON) is becoming a trending new meme coin. Inspired by the Salamanca clan from Breaking Bad, DON runs on Binance Smart Chain. It trades between $0.0022 and $0.0044. Just a few days after launching, the meme coin is listed on MEXC, Gate.io, and PancakeSwap.
Trade $DON now on Gate.io: https://www.gate.io/zh/trade/DON_USDT
Salamanca has a fixed supply of 1 billion tokens, all already in circulation. No more coins will be minted. Its market cap stands at $2.29 million. Daily trading volume is over $6.8 million. MEXC handles most of the volume, with over $497,000 traded there.
Many traders now speculate that DON could be listed on Binance soon. This has boosted interest in the coin. Supporters expect a possible 1,000% to 2,000% price surge. Its strong community, meme appeal, and rapid growth make it a top coin to watch this month.
For more information about Salamanca (DON), visit:
Website: https://salamanca.club/
Twitter/X: https://x.com/salamanca_token
Telegram: https://t.me/salamancatoken
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
