Markets have kicked off today’s session with tremendous bull activity in reaction to Ripple’s victory over security allegations that have seen the crypto global market cap rise by 6.5% to 1.26T as of press time as bulls dominate everywhere.
Bitcoin (BTC) analysis
Bitcoin has kicked off today’s session firmly, posting gains of 3.3% within 24 hours of trade as the asset now beats the $31K resistance level to currently trade at $31.3K as of press time. BTC’s trading volume has also seen a 74% surge within the same period as bulls now surge into the markets.
Bitcoin’s volatility levels are increasing as the Bollinger bands diverge from each other, indicating increasing volatility. The RSI indicator crossed its average line as bulls drove for the overbought region.
Ethereum (ETH) analysis
Ethereum is also having a dominant session as the asset trades 7% above its previous 24-hour price to take its price back above $2K as the asset now trades at $2005. ETH’s trading volume had surged over 100% as of press time.
Ethereum’s volatility levels are now increasing amid the spike in activity as the Bollinger bands now diverge away from each other, indicating increasing volatility. The RSI moves above the average line as ETH bulls push for the overbought region.
Ripple (XRP) analysis
Ripple, currently on top of every trend list, has made significant gains within a day ahead of its victory over the security allegations, having gained 68% in price valuation within 24 hours to now trade at $0.79 as it now edges in on the $0.8 mark. Ripple’s trading volume has seen a massive surge of 1688% as of press time, which currently stands at 12.8 B.
Ripple’s volatility levels are now high amid the activity as the Bollinger bands diverge entirely from each other. The RSI indicator is now in the overbought region as the MACD indicator also moves high on the positive region indicating tremendous bull dominance on Ripple.
Solana (SOL) analysis
Solana is also posting massive gains in today’s session as the asset records a 30% increase within 24 hours of trading to take its price to $28.41 as of press time. SOL’s trading volume has also spiked 336% within the same period as crypto activity increases in today’s session.
SOL’s volatility levels are also increasing as the Bollinger bands move away from each other. The RSI is above its average line in the overbought treason as bulls dominate with the MACD, moving in the positive region.
Other analysis
Other notable gainers in today’s session are Cardano (ADA) which has gained 25% within a day’s trade to take its price to $0.36 as of press time, and Polygon (MATIC), which also gained 17% within the same period to take its price to $0.8575. Stellar (XLM) has also made tremendous gains, trading 57% above its previous 24 price.
