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XRP price has seen incredible growth in the past week and continues to achieve new milestones amid market correction. The recent upward movement is due to a breakout in a long-term symmetrical triangle pattern that has existed since 2021. Before this week, the token had made seven unsuccessful breakout attempts. Similarly, the Tron ecosystem has also achieved significant milestones, with its market capitalization exceeding $16 billion to mark a new all-time high.
Lunex Network, on the other hand, has quickly gained ground in the broader cryptocurrency market as more people discover its unique solution to some of the most significant DeFi issues. Unlike traditional DEX’s, Lunex solves problems inherent in the DeFi market, including liquidity and price optimization. It is no wonder savvy investors are flocking to its crypto presale to capitalize on intriguing opportunities.
With a growing user base and a system designed to offer real passive income, Lunex Network has quickly garnered considerable interest from investors. It aims to enhance trading experience by aggregating institutional-grade liquidity with complete asset control. As a non-custodial platform, Lunex Network will ensure users keep complete custody of their assets and gain from exceptional premium liquidity.
In addition, the project has eliminated the need for third-party wallets like TrustWallet, which has minimized security concerns and bolstered user privacy. So far, LNEX tokens are available at $0.0026, which marks a 115% leap from its initial offering of $0.0012. Analysts hint at additional rallies on the cards for the projects, giving investors a unique opportunity to benefit from the anticipated rally.
With higher growth potential and innovative features, Lunex Network could follow a path reflecting the ascent of Tron’s TRX, which gave early investors over 1000% ROI. Its creative strategy and emphasis on enhancing user experience could propel it to grab a significant market share from the rapidly growing DeFi industry, which is expected to explode to USD 231.19 billion by 2030.
XRP’s price has seen an uptick after it broke out from its long-term symmetrical triangle that has existed since 2021. Before breaching this point, the token has made seven unsuccessful attempts. The wave count indicates that the price of XRP has begun wave C in an ABC corrective structure. In this scenario, the XRP token could reach a high of $2.39 to give wave C the same wavelength as wave A.
Notably, its on-chain data aligns with this bullish sentiment. Its relative strength index (RSI) and moving average convergence/divergence (MACD) trend upward, hovering around the bullish threshold of 50 and 0, respectively. Besides this, its daily time frame chart highlights parabolic runs, which began after the token broke out from its descending wedge pattern. These runs immediately pushed its price to the $0.63 mark that had existed since July.
The price of XRP briefly slipped to validate the area as support before resuming its upward price action. There is no indication of weaknesses in the daily time frame. Even though its RSI is overbought, it has not generated any bearish divergence yet. However, the short-term wave count suggests the token could face retracement before it resumes upward movement.
Meanwhile, the Tron ecosystem has achieved ground-breaking milestones after its market capitalization crossed the $16 billion mark. This marks a new all-time high as its on-chain activities remain robust and consistently lead other Layer 1 blockchains. Since April, the price of TRX has increased against BTC, triggered by bullish divergences in the MACD and RSI. In August, the uptrend caused a breakout from a descending resistance trendline and the 230 satoshi horizontal resistance area.
This indicated that the previous correction had ended, and an uptick rally began. After the breakout, the price of TRX returned to the horizontal area, making it a support area. During this phase, the MACD and RSI pointed at a bullish signal at 0 and 50, respectively. This is a common movement after a breakout.
In addition, the wave count aligns with the mentioned scenario since it highlights a completed ABC correction structure, where waves A to C have had nearly the same wavelength. If the TRX token can regain its upward movement, it can increase by 40% to the next resistance area of 330 satoshis.
XRP, LNEX and TRX are three altcoins with bullish-looking charts. Because of their positive readings, these tokens will likely maintain their upward momentum and perform better than other cryptos in November.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
