The altcoin market has seen gains in the past 24 hours, but has also signaled possible price declines. XRP gained 5.9%, but purchasing power fell despite the surge. Chainlink was up 4.3%, indicating a possible move in the space. Eventually, Stellar could see a sell-off despite posting a 4.6% gain.
XRP was up 5.9% in the past 24 hours and was trading at $ 1.15. The ongoing uptrend could cause XRP to plunge above the $ 1.20 mark and test the $ 1.31 mark. Technical parameters showed positive price movements.
MACD showed green bars on his histogram, underlining that XRP was trending up. the Parabolic SAR flashing dotted lines under the candles in accordance with the above reading.
Relative Strength Indexalthough bullish, threatened to fall below the half-line. In the event of a sell-off, XRP could find support at the $ 1.06 mark.
Chain link (LINK)
LINK was valued at $ 25.79, up 4.3% over the past 24 hours. If the upside continues, LINK could attempt to test the price cap of $ 27.77. To retest the USD 30.37 resistance level, LINK would have to trade above USD 27.77 longer than just a few trading sessions.
MACD observed green bars on his histogram representing an upward movement in price. Great oscillator also immediately afterwards with the green signal bars.
Bollinger bands, however, implied limited price movement as the bands tightened. The expected range for trading LINK could be between $ 27.77 and $ 24.30. On the flip side, if the price reverses, LINK could find support at $ 24.30 and $ 21.37.
Stellar has appreciated 4.6% yesterday. XLM was priced at $ 0.348. The immediate resistance for the coin was $ 0.381 and then $ 0.400. However, the four-hour chart indicated a turnaround.
Great oscillator flashing green signal bars. Green bars on MACDThe histogram has decreased in recent trading sessions. The buying pressure lost strength and the Relative Strength Index slightly below the half-line.
Should buying pressure continue to ease, prices could plunge to $ 0.346 as the coin trades too close to the above support line. The next level of support for XLM was at $ 0.319.