This week, several cryptocurrencies have shown notable movements and may warrant attention:

1. XRP (XRP)

Recent Performance: XRP staged an impressive rally last week, achieving a remarkable 100% gain and surpassing the $1 mark for the first time in three years.

Current Status: After peaking at $1.26, XRP experienced a pullback but managed to hold above $1, ending the week at $1.12.

Outlook: Traders should monitor the upper Bollinger Band at $0.9980; a drop below this level could signal further downward pressure.

2. Stellar (XLM)

Recent Performance: XLM mirrored XRP's movements, recording a staggering 115% surge last week.

Current Status: The new week has seen XLM facing a sharp 12% decline, accompanied by a drop in its RSI, signaling weakening momentum.

Outlook: Despite the decline, the RSI remains at 75, indicating it is still in oversold territory. Bulls remain in control as long as XLM holds above the upper Keltner Channel boundary at $0.1693.

3. Litecoin (LTC)

Recent Performance: LTC experienced a significant rally last week, breaking through the $70 range and reaching a seven-month high of $98.

Current Status: LTC ended the week with a solid 29% gain but has since declined by 8.36% in the new week.

Outlook: Currently trading at $87.58, LTC finds immediate support at the 38.2% Fibonacci retracement level around $85.64. If this level is breached, the next line of defense lies at $81.57 to prevent a drop below $80.

Market Considerations

The broader cryptocurrency market has experienced significant volatility recently. Bitcoin, for instance, dropped over 5% to $78,858, its lowest in months, following concerns about U.S. President Trump's tariffs and policies. This decline marked a 27% fall from its high of $109,225 in January 2025.

Conclusion

While XRP, XLM, and LTC have shown notable performances, it's crucial to approach the market with caution due to the inherent volatility and external factors influencing price movements.