Key Insights:
Ripple (XRP) gained 11% and seemed resolved to cross $0.64.
Ronin (RON) had dashed for $3.5 despite a near wipeout two years earlier.
Stellar (XLM) has broken the downtrend and is looking to gain another 10%.
Maker Protocol (MKR) has been a top performer this week with 33% gains in the last 7-8 days.
ImmutableX (IMX) has been less bullish than others, but a strong RSI inflexion aids its recovery.
Bitcoin Cash (BCH) made a stellar rally from $312 and looks to cross $500 based on solid chart patterns.
Arweave (AR) has gained 20% in the last few days and looks to gain more before reaching its next resistance at $29.
Internet Computer Protocol (ICP) looks at a 50% upside from current levels.
XRP was one of the fastest cryptocurrencies to recover in the last few days. The crypto initially fell from $0.5 to $0.39 after a fallout with the US SEC. However, the crypto soon gained 11% in the last 24 hours. At press time, XRP was again back at its $0.54 level, with a $1.8 billion trading volume in the previous 24 hours before press time.
According to its technical charts, XRP's price could enter into a rally if it crosses $0.55 after which the next resistance lies at $0.64 and then finally at $0.72.
With its case against the SEC expected to end soon, we might see a rally in XRP soon.
Despite a certain shutdown in 2022, Axie Infinity's Ronin blockchain had recovered to $2.13, beating all odds. The price of RON also made a quick recovery yesterday from the recent market fall. Ronin's price is up 5% in the last 24 hours with a corresponding trading volume of $16.4 million.
Despite a downtrend since early May this year, Ronin has recovered well from the recent crash. Its price has reversed direction and combined with an RSI of 50 on daily charts, the crypto might continue its uptrend towards $3.5.
Stellar had been in a downtrend since the last week of April 2024. However, the crypto has recovered sharply in the last couple of days. XLM rallied by 14.5% to reach $0.1 in the previous 24 hours with a corresponding trading volume of $167 million.
XML's price has already rallied above resistance at $0.1, after which the price may attempt to regain $0.12 due to strong price momentum. As soon as $0.12 is decisively crossed, the next target lies at $0.15.
The Maker Protocol has been a top gainer in the last week. The fall in the crypto markets had very little impact on MKR, which has gained 33% from $1998 to $2636 in the last eight days.
MKR's daily charts have confirmed the formation of the super bullish Three White Soldiers pattern, which may help MKR cross $3,193 in a few weeks. Further, a strong RSI of 60 can provide a strong momentum for the crypto.
ImmutableX's price has increased 6% in the last 24 hours. The corresponding trading volume was $48 million. IMX has also made a strong recovery in the previous two days before press time, gaining around 10% from $1.2 to $1.34.
On the daily charts, the RSI has made a strong recovery from the lows of 24 and this gain in RSI indicates that the crypto might cross $1.5 shortly.
Bitcoin Cash has made a stellar recovery since the 8 July. The crypto rose from $312 to $371 from 8 July 8 to 13 July. Further, in the last 24 hours, Bitcoin Cash made a price gain of 4% with a trading volume of $274 million.
The daily charts of Bitcoin Cash show the crypto in a micro uptrend, which may help it cross $500 shortly. Also, with a strong RSI of 50, the crypto seems highly bullish.
Arweave has also made a stellar recovery, gaining 20% in the last two days and 8% in the previous 24 hours to reach $24.11 at press time. The trading volume for the corresponding period was $67 million.
Arweave Daily Charts on 13 July 2024
Tradingview
Arweave has also been in an uptrend for the last five days. The crypto's daily charts also show that its RSI has made a stellar recovery from the lows of 30. If the RSI remains strong, AR could soon reach the price of $28. the next resistance is at $29.
The Internet Computer Protocol (ICP) has been a top gainer at press time, with a daily gain of 13% and a price of $8.27. The crypto had a trading volume of $106 million for the last 24 hours.
If we look at ICP's daily charts, we can clearly notice that the last green candle on July 13th confirmed the bullish breakout and the breakdown of the bearish downtrend. Further, with a strong spike in RSI, ICP may soon attempt to cross $12, i.e., a 50% upside.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.