XRP and TRX Are Already Exploding—Which Altcoin Should You Watch Next?

As Bitcoin edges closer to the monumental $100,000 mark, altcoins are experiencing remarkable surges. Established tokens like XRP and TRX have already seen substantial growth, capturing the spotlight in the crypto market. With this bullish momentum, investors are keen to discover which altcoin might be the next to break out. 

One emerging contender is XYZVerse (XYZ), a memecoin that unites fans of football, basketball, MMA, and more within a unique ecosystem.

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XRP (XRP)

XRP has seen significant price movements recently. Over the past week, its price jumped by 88.91%. In the past month, it skyrocketed by 426.16%. Looking back six months, XRP has surged by 406.96%. These substantial gains reflect strong momentum in the market.

Currently, XRP trades between $1.60 and $2.67. It is approaching its nearest resistance level at $3. If it breaks this point, the next resistance is at $4. On the downside, the nearest support level is at $0.90. The 10-day simple moving average is $2.58, higher than the 100-day average of $2.28, indicating an upward trend.

Technical indicators show mixed signals. The Relative Strength Index (RSI) is at 54.77, suggesting neither overbought nor oversold conditions. The Stochastic oscillator is at 67.78, leaning towards bullish momentum. The MACD level is positive at 0.0036. Based on this data, if the current trend continues, XRP could test the $3 resistance level soon. A breakthrough might lead to the next target at $4, representing a significant percentage increase from current levels.

TRON (TRX)

TRON (TRX) has experienced remarkable growth recently. Over the past six months, its price skyrocketed by 247.34%. In the last month alone, it surged by 141.69%, and just this past week, it climbed 104.96%. Currently trading between $0.19 and $0.22, TRX shows signs of strong momentum after this impressive ascent.

Technical indicators point toward potential continued growth. The Relative Strength Index (RSI) is at 69.92, nearing the overbought zone but not yet signaling a reversal. The Moving Average Convergence Divergence (MACD) stands at 0.0451, indicating bullish momentum. The 10-day Simple Moving Average is $0.39, significantly above the current price range, while the 100-day SMA is $0.23, suggesting a strong short-term trend.

If TRX surpasses the nearest resistance level at $0.23, it could target the next resistance at $0.25, roughly a 13% increase from current prices. On the downside, if it falls below the support level of $0.18, the price might find footing at $0.15, representing a potential 15% drop. Given the recent performance and bullish indicators, TRON may continue its upward trajectory, but key resistance and support levels will be crucial in determining its next move.

Arbitrum (ARB)

Arbitrum (ARB) has seen significant price gains recently. In the past month, its price jumped over 120%. Just this last week, ARB surged by more than 23%. These increases show growing interest and momentum in the market.

Currently, ARB is trading between $0.86 and $1.04. This range is around its 100-day simple moving average of $0.99 but below the 10-day average of $1.07. The relative strength index stands at 60.49, suggesting the coin isn’t overbought yet. The positive MACD level indicates upward momentum might continue.

Looking ahead, ARB faces a resistance level at $1.10. Breaking this could lead to the next target of $1.28, which is about a 23% increase from current prices. On the downside, there’s support at $0.76. Falling to this level would be a decrease of around 15%. With recent positive trends, ARB has potential for growth, but key levels will be important to watch.

Pepe (PEPE)

Pepe (PEPE) has seen significant price activity recently. Over the past week, its price increased by 13.36%. Looking at the past month, PEPE surged by 153.38%, showing substantial growth. However, over the last six months, the price change was 44.40%. These figures indicate strong upward momentum in the short term.

Currently, PEPE is trading within a range of $0.00001862 to $0.00002462. The nearest resistance level is at $0.00002698, while the nearest support level is at $0.00001496. If the price breaks above the resistance, it could target the second resistance at $0.00003298, which would represent a significant gain from current levels. Conversely, if the price falls below the support, it might test the second support at $0.0000089623.

POL (ex-MATIC)

POL (ex-MATIC) (POL) has experienced significant price growth recently. In the past week, its value increased by 35.59%. Over the last month, the coin surged by 138.18%, and over six months, it grew by 88.77%. This upward trend indicates strong bullish momentum in the market.

Currently, POL is trading between $0.52 and $0.65. The nearest resistance level is at $0.70, with a second resistance at $0.83. On the downside, the nearest support is at $0.44, and a second support level at $0.31. The current price is approaching the nearest resistance, suggesting potential for further gains if it breaks through.

Technical indicators support this positive outlook. The Relative Strength Index (RSI) is 57.34, indicating the asset is not overbought. The stochastic oscillator reads 85.24, which may signal strong momentum. The 10-day Simple Moving Average (SMA) is $0.71, slightly above the current price, while the 100-day SMA is $0.63. The Moving Average Convergence Divergence (MACD) level is 0.0112, suggesting bullish momentum. Based on these factors, POL could potentially rise past the $0.70 resistance, possibly aiming for the $0.83 level, which would represent an approximate 27% increase from the current price.

Conclusion

XRP, TRX, ARB, and PEPE are thriving, but XYZVerse (XYZ), a sports memecoin aiming for 20,000% growth, could be the next altcoin to watch.

You can find more information about XYZVersus (XYZ) here:

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