Price Analysis: Ripple’s XRP, Electroneum (ETN) Lead Top 60 Coins Into Attempted Market Recovery

By January 31, 2019 Altcoins
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Trip Around The Crypto World With TRX, XRP, XVG and XLM on 3 Dec, 2018
Ripple’s XRP Price Analysis: Ripple’s XRP Ignites New Bull Run, Aims For $0.5 Price

The year is still fresh and filled with skepticism of whether 2019 will be a replenishing year after a mammoth downfall in the value cryptocurrency in the year 2018 which many thought would be a harvesting period.

The doubt has led many into the indecision of which crypto assets to invest in as digital currency moves toward mainstream adoption. To stay aloof of the detrimental assertive doubt, Ripple’s XRP, the native token of the cross border guru technology, and Electroneum (ETN), the UK based mobile mining cryptographic project, took the 24 hours market lead amongst top 60 coins on the table, according to Coinmarketcap.

Ripple’s XRP Price In The Market Today.

While a large number of the over 2000 cryptographic projects in the space are still yet to find a solid support around the green arena, the world second largest coin has since the early period of yesterday maintained a strong base around the gaining realm.

According to Coinmarketcap, Ripple’s XRP has added about 2.0% to its value in the last 24 hours of the market while most are in deep.

XRP leaped on the upside trend at the start of the European trading session yesterday, and it maintained a steady tempo on the rising wedge till mid Asian trading session today.

Ripple XRP

Even though the seven days chart depicts a decline in value of XRP, the 24 hours market data of displays a slight gain with signals for a liable bull run.

Starting the last 24 hours with resistance around $0.29 mark against Dollar, XRP value rose up on the upside trend, surpassing $0.3 level for another potential resistance. Despite experiencing a slight decline after reaching its highest value in the last 24 hours – $0.33, the trend line of the altcoin in the market envisions another transformational move towards the north.

Electroneum (ETN) Intraday Price Analysis

The game seems not too different for the mobile based mining blockchain network in the market.

According to the data made available on Coinmarketcap as at press time, the value of Electroneum has been upped by 1.6% in the last 24hours, making it the second highest gainer amongst top 60 coins as at the time of writing this article.

In the case of Electroneum (ETN), the altcoin seems to be returning on the upside trend towards the $0.007 support it maintained at the early period of the last 7 day.

Electroneum (ETN) witnessed a dramatic fall on January 28, and since then, it has been facing the south. The altcoin changed its direction at the start of the Asian trading session late yesterday.

While maintaining its tempo on the rising wedge, ETN/USD, which had previous formed support around $0.006, rode on the upside trend, reaching a market value of $0.007 with articulation for more.

The market is still yet to give a convincing signal that it has ignited a recovery race, but if these two coins continues with their gradual and steady tempo on the upside trend, they might lead the market into repossession.

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