After the big hit in recent days, the cryptomarket now seems to be settling down a bit. Almost the entire top 10 cryptocurrencies based on market capitalization shows small increases of 1% on average. In this article we look briefly at the rates of ripple (XRP) and EOS.
Ripple (XRP)
At the time of writing, the price of ripple (XRP) is $ 0.4038 according to Coinmarketcap after rising by 0.7% in the last 24 hours. Ripple is in third place with a market capitalization of more than $ 17 billion.
XRP has been trading in a clear downward trend in recent days. In addition, it formed a falling trend line that resisted twice during the descent of the course.
The price broke during the drop support at $ 0.4000 and then also dropped by $ 0.3920. Ripple eventually found support at $ 0.3840. From that point on, ripple started an upward movement again.
It broke the falling trend line, after which the price again managed to break the $ 0.4000. Ripple will possibly come across around $ 0.150 and $ 0.4170 resistance. Should it break through, the next major resistance is $ 0.4250.
EOS (EOS)
At the time of writing, the price of EOS (EOS) is $ 6.38 according to Coinmarketcap after rising 0.8% in the last 24 hours. With a market capitalization of $ 5.86 billion, the altcoin is the fifth largest cryptocurrency.
RecentlyEOS and Block.one announced a number of important things. The announcement, made on 1 June, has been hyped for a long time. However, the final content of the announcement turned out to be somewhat disappointing.
EOS and Block.one announced, among other things, that they want to build a social media platform on top of the EOS blockchain . In addition, EOS will be added to Coinbase Earn, allowing people to earn EOS by learning about the cryptocurrency.
Despite this announcement, EOS is the biggest loser of last week. The altcoin fell by more than 19.8% in value. In the longer term, however, EOS is a rising trend line with support at around $ 6. The bulls have to get the price to $ 12 to keep the trend going. If this fails, and if EOS falls below the trend line and below $ 6, it is possible that the price will fall further back to $ 3.50.
