Today, the value of the crypto market soared by a staggering $100 billion, primarily due to an optimistic outlook in the altcoin sector. This positive shift caused substantial growth in numerous digital currencies.
Nevertheless, three cryptocurrencies distinguished themselves for distinct causes. BeInCrypto delves into these popular altcoins to shed light on the elements propelling their remarkable expansion.
XRP
Today, XRP experienced a 12% increase, reaching a one and a half month peak. It managed to break through the significant $2.73 threshold, indicating a positive trend. This surge suggests increasing investor optimism and renewed curiosity about cryptocurrency.
The rally was driven by hopeful anticipation for the SEC’s appeal on the previous decision that favored XRP. The recent success of Coinbase in their dispute with the SEC has increased market confidence, creating an encouraging environment for XRP’s price increase and potential future development.
It’s predicted that the price trend of XRP will continue to be bullish, possibly reaching its previous record high of around $3.31. But it’s important for XRP to keep its value above $2.73 to ensure further growth. If it fails to do so, it might slip back into a holding pattern with prices fluctuating between approximately $2.18 and $2.73, which could postpone any potential recovery.
XDC Network (XDC)
In just the last day, the value of XDC has skyrocketed by a whopping 21%, making it the top performer among all assets. This incredible rise has not gone unnoticed, capturing the interest of both individual and institutional investors, causing quite a buzz around this token.
Right now, XDC is valued at approximately 0.122 dollars. It’s aiming to break through the next potential resistance point at 0.127 dollars. If it successfully overcomes this hurdle, it could strengthen its bullish trend and pave the way for additional growth. This development would bolster investor faith in the token, making them more optimistic about its future.
If XDC drops below its support level at $0.117, the positive perspective could be weakened. Such a drop might cause the price to slide to $0.108, and if it continues, further losses may push it down to $0.097. This descent would undo recent progress and dim optimism.
Virtuals Protocol (VIRTUAL)
Though VIRTUAL hasn’t made substantial profits so far, it experienced an 11% increase over the last day, which is a significant change. This positive momentum has countered the prolonged downtrend that has affected its price since the start of the year, hinting at a possible reversal in trend direction.
As a researcher studying the crypto market, I’ve noticed a surge of interest in The Virtuals Protocol, largely due to the impressive performance of its AI Agent token, AIXBT. If this positive momentum continues, we might see VIRTUAL regaining its crucial $3.26 support level, paving the way for potential price growth.
If VIRTUAL manages to regain the support at $3.26, it could potentially reach its record high of $5.25 again. But if the effort to surpass $3.26 falters, there’s a possibility that the cryptocurrency might slide down to $2.27. Such a drop would contradict the optimistic forecast and resurface bearish tendencies.
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2025-01-15 13:17