Certain altcoins like XRP and Tezos saw limited price movement while ZCash saw a sizable 6.7% increase in the past 24 hours. XRP lost 0.1% and was nearing the $ 1.19 floor price.
Tezos has remained at its current price level since the beginning of September, although the indicators indicated the onset of positive price movements. ZCash hit a weekly high while targeting its multi-month high of $ 166.67.
XRP
XRP / USD, TradingView
XRP resumed its consolidation between $ 1.27 and $ 1.19. If prices cannot be held above the $ 1.19 line, XRP would hit its weekly low of $ 1.07 again. If XRP drops below its weekly low, it would be around $ 0.935, a level it last hit three weeks ago.
MACDThe green bars from in the histogram went back and a red bar appeared, which marked the beginning of a negative price movement. Capital inflows also fell, and the Chaikin money flow, stood approvingly below the center line.
The reverse is true despite declining purchasing power Relative Strength Index still stayed above the 50 mark. A resurgence in buying pressure could cause XRP to tumble above the current multi-month high of $ 1.30 and try to hit $ 1.33.
Amid the ongoing legal battle with the SEC, XRP will now resume trading on Rakuten, a Japanese crypto trading platform.
Tezos (XTZ)
XTZ / USD, TradingView
XTZ represented a range-bound move when it traded at $ 5.42, a range the token has been oscillating around since early September. However, indicators pointed to an expected positive price movement. On the flip side, XTZ could plunge above the $ 5.75 mark and hit its four-month high of $ 6.05 again.
MACDThe red histograms went down and a green histogram was sighted on the indicator. Buying pressure recovered as Relative Strength Index was above the 50 mark.
Bollinger bands tightened, indicating limited price movement, the given range within which prices could fluctuate could be between $ 5.75 and $ 5.
In the event that XTZ breaks higher, it could tumble above $ 5.75 and hit its multi-month high of $ 6.05 again. Tezos has expanded its reach through various partnerships.
The most recent is the association with EQIFI, a DeFi Platform. Through this development, EQIFI should offer the opportunity for Tezos will add stakeout and loan services to its entire customer base.
ZCash (ZEC)
ZEC / USD, TradingView
ZEC was up 6.7% in the past 24 hours to trade at $ 158.59. At the current price level, ZEC secured a weekly high. If the coin continued to move north, it would plunge above the resistance price level of $ 158.85 and hit its three-month high of $ 166.67 again.
The parameters remained bullish. MACD‘s green bars were visible in the histogram. Relative Strength Index slightly above the 60 mark after observing an increase in purchasing power. Great oscillator growing green signal bars are displayed.
If the altcoin experiences a negative correction, it could drop to the $ 147.70 price level. If the above levels cannot be sustained, the ZEC would fall below its weekly low of $ 137.78. The USD 137.78 support line has been in place for a long time as the ZEC last traded below it three weeks ago.
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