The best performing cryptocurrencies are all trading in bull markets. Gala has rallied from a low of $0.08 to a high of $0.49, up 314.72% in the past week. The other altcoins have also performed well in the order listed below.
Selling pressure on Ripple (XRP) continued above $1.10 support. In other words, the market fell above the 21-day moving average. Moreover, the XRP price has fluctuated between $1.10 and $1.25 over the past 48 hours.
Some of the cryptocurrencies under consideration are falling and in a downward correction. For example, Klaytn and THORChain have fallen significantly to the downside. This has led to a downtrend that is erasing price gains.
All altcoins are making impressive moves in their respective bull markets. Cryptocurrencies are trading in strong trending markets as overbought regions fail to hold. This gives the bulls the advantage to continue the recent rallies.
The price of Ripple (XRP) has traded marginally over the past four days. Initially, buyers intend to keep prices above the moving average. This will accelerate price action to retest or break the high at $1.20.