With most altcoins doing well, XRP has bounced back significantly since July 21st.


XRP, Bitcoin SV and ZCash Price Analysis: August 1st

XRP / USD, TradingView

XRP has rallied significantly since July 21, breaking several levels of resistance. Despite a slight increase of 1.5% overnight, prices were at $ 0.76. Volatility is to be expected there Bollinger bands diverges.

It could break its immediate resistance level of $ 0.77 in the upcoming trading sessions. Other technical indicators exuded market strength.

That Relative Strength Index was still above the 60s mark, although the buying pressure eased slightly. That Parabolic SAR an upward trend flashed as the dotted lines aligned above the candles. On the flip side, the support levels to look out for are $ 0.71 and $ 0.68 in case prices go down.

Bitcoin SV

XRP, Bitcoin SV and ZCash Price Analysis: August 1st

BSV / USD, TradingView

Bitcoin SV was at $ 143.24 at press time, up 2.2% overnight. It was preparing to break its immediate price cap of $ 149.20.

The BSV’s four-hour chart matched its bullish momentum with the Relative Strength Index have significant purchasing power despite a slight decrease in buying pressure at the time of going to press.

That Great oscillator flashed bullish strength and presence of purchasing power along with MACD reflect the same.

Zcash (ZEC)

XRP, Bitcoin SV and ZCash Price Analysis: August 1st

ZEC / USD, TradingView

Picking up the same evidence from the broader market, the ZEC gained 7% on the final day. Prices were sighted at $ 117.68 at press time. On the flip side, the resistance values ​​are at $ 125.47. However, if the ZEC does not maintain momentum, it could fall again, hovering around its $ 108.00 support area.

ZEC has seen increased demand as the Relative Strength Index was seen in the overbought zone, which is a positive outlook for the Alt.

Great oscillator showed an increased number of green signal bars confirming the bullish outlook. MACD also confirmed an increased purchasing power, as the indicator noted green bars in the histogram.


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