$ETH The Ethereum price today continues hovering above the $2,500 mark with an intraday trading volume of $29.48 billion. Following this, top investors and institutes are raising concerns about the future prospects of this project. Notably, with a valuation of $311.24 billion, it has a market dominance of 8.97%. The Relative Strength Index (RSI) continues hovering around the overbought zone in the Ethereum price chart. However, the average trendline acts as a strong resistance. Adding to this, the EMA 200-day records a major support to the ETH price trend. This highlights an increase in the buying-and-selling pressure.
$XRP The XRP price has displayed a neutral price action over the past week. However, considering the longer time frame, this altcoin has added approximately 7% to its valuation in a duration of 30 days. With a listing value of $2.37, the Ripple token has a market dominance of 4.03% with a valuation of $139.51 billion. While the EMA 50-days acts as a major support to the price chart, the 200-day EMA acts as a strong barrier around the $2 mark. Conversely, the MACD indicator records a negative trend in the 1D time frame. This indicates a mixed price action for the 2nd largest altcoin by market capitalization.
If the crypto market witnesses an increase in the accumulation of XRP, the coin’s price may regain momentum and head toward its important resistance level of $2.50. On the contrary, a negative action could result in it plunging toward its low of $2.00 this month.
