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Price of Toncoin The volume of the rally is increasing rapidly. This indicates a huge jump in user interest. Recent price increases of over 10% have enabled the product to exceed Dogecoin XRP was the eighth largest crypto when it was created. It’s now time to analyze whether XRP is at risk of losing its position.
In the last few days, tokens have seen a dramatic rise. Volumes increased from $100 million up to over $800,000,000. The bulls were able to maintain a strong dominance despite the fact that the volume of selling was equal to the amount of buying. Fractals remain bullish, and the price will continue its upward trend and reach new milestones.
This bullish close of the week has taken the token past the key resistance levels it had held from the start. The previous week saw the largest influx of liquidity in the history of the market, which is a sign of the growing attention from bulls. Hence, the TON could continue to rise for a while, which would help the rally reach a double-digit number.
Please Read: The TON price is surging past Dogecoin and eyes XRP’s spot in the Top 10.
The RSI shows a bullish trend and is above the upper threshold. This suggests that the bulls could hold a huge advantage and overcome the bearish resistance. The RSI may indicate a possible bearish pullback. However, the rising trend line could act as a solid support. This may trigger a rebound towards higher targets.
Toncoin’s rise could eventually secure its position in the top 10, as other tokens are showing a sluggish behavior. ADA and XRP, two popular tokens, are currently trading in a sideways fashion, so the emergence and popularity of new tokens may pose a serious threat. If Ripple continues to consolidate, TON could surpass XRP.
You can also check out: After Bitcoin’s halving, will TON tokens reach $15?
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Sahana Vibhute
Author and cryptocurrency enthusiast, qualified to cover all events in the crypto world. My primary focus is to research minute events and bring new insight.