Interest is growing around TRON (TRX) and Ripple’s XRP as they emerge as potential candidates for significant growth by the end of 2024. Market observers note that recent developments and trends could position these cryptocurrencies for substantial gains. Investors are paying close attention, eager to identify which digital assets may lead the next upward movement in the crypto market.
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TRON Aims for Breakout as Altcoin Season Approaches
TRON (TRX) is trading between $0.15 and $0.16, showing steady growth over the past six months with a gain of 38.63%. The coin is approaching its nearest resistance at $0.17, a key level to watch. The Relative Strength Index is at 76.54, indicating strong buying momentum. If TRX breaks through $0.17, it could see further gains. The positive MACD level supports this bullish outlook. With a 1-month increase of 9.77%, TRON is positioned well as the altcoin season nears. Traders are optimistic that TRX could rise significantly if it surpasses current resistance levels. The coin’s performance suggests it may continue its upward trajectory in the bullish market.
XRP Eyes Breakout as Altcoin Season Approaches
XRP is trading between $0.53 and $0.57, showing signs of consolidation. The nearest resistance is at $0.59; breaking this could push the price toward $0.63. The Relative Strength Index stands at 37.88, indicating the coin is nearing oversold territory and may be primed for an upward move. Stochastic is low at 11.22, supporting the potential for a price increase. Over the past week, XRP has dipped by -3.33%, and the past month shows an -11.24% change. However, the 6-month change is positive at 1.37%. With both the 10-day and 100-day Simple Moving Averages at $0.53, XRP might be ready to surge as the altcoin season gains momentum.
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