Worldcoin Soars 30%, Pepe Gains, XRP Eyes New Highs: Crypto Market Update

In the past 24 hours, the crypto market cap has surged to $2.41 trillion, up from a July 7 low of $2.16 trillion, showcasing robust gains. As trading volume spiked by over 15% to hit $97.17 billion, key players BTC, WLD, PEPE, and XRP are leading the rise. The burning question remains: Can these cryptos extend their rally?

BTC Maintains Gains, Aims Higher

With a 53.9% dominance, Bitcoin (BTC) showcases market resilience, trading within the $65,677.50 range and retaining its previous day’s 3% gains.

Data from TradingView suggests that the bullish sentiment for BTC could persist in the short term. Having surpassed the prior $63.85K resistance, market analysts anticipate a surge toward the next barrier at approximately $67,000.

Source: TradingView

Technically, the RSI is trending upward, reinforcing Bitcoin’s bullish momentum. Positioned at 63.88, the RSI indicates significant room for the uptrend to continue before reaching overbought levels, supporting a move toward $67K.

Furthermore, the 100-day SMA, currently below BTC’s price at $64,483, underscores a long-term bullish outlook. Should this trend continue, BTC is poised to retest the $70,000 mark, last seen on June 7.

Worldcoin’s WLD Bulls Target New Peaks

In a display of market strength, Worldcoin (WLD) has surged over 30% in just 24 hours, vaulting through key resistance markers to trade at $2.86. This upward trajectory has boosted its market cap to $789.443 million and increased its trading volume by 138.25% to $756.466 million.

Source: TradingView

This positive price action is further corroborated by the RSI, which trades at 60.56. Historically, when WLD’s RSI stayed in the overbought zone, the token achieved its peak price four months ago. Should this pattern recur, WLD might surpass the $5.25 threshold, setting new records.

PEPE Gains 5%, Death Cross Signals Caution

Similarly, Pepe (PEPE) demonstrated notable strength, climbing 5.28% in the past 24 hours as the crypto market rebounded. At press time, PEPE is valued at $0.00001249. Boasting a circulating supply of 420.69 trillion PEPE, its market capitalization has surged to $5.25 billion, securing the 22nd spot in the crypto market rankings.

Source: TradingView

The daily chart reveals a death cross formation, with the 20-day SMA dipping below the 100-day SMA, indicating a possible bearish reversal despite the recent uptrend. This pattern suggests weakening short-term momentum, urging traders to remain vigilant. However, if PEPE surpasses the $0.000013474 resistance level, it could aim for its all-time high of $0.000017, potentially yielding a 39.18% increase.

XRP Surges, Eyes March Highs

Ripple’s XRP surged by 13% in the past 24 hours, standing out as one of the top gainers in the cryptocurrency market. With an initial price of $0.5496, XRP has sustained its value above the $0.60 threshold. Currently trading at $0.61, XRP’s price oscillated between a daily low of $0.5343 and a peak of $0.61.

Source: TradingView

Approaching a significant resistance level around $0.64, last observed on April 9, experts predict a potential breakout that could drive the price higher. If this resistance is surpassed, XRP may aim for March’s high of $0.74.

The moving averages support the positive outlook, with the 20-day and 100-day averages positioned below the current price. This pattern indicates a continued bullish trend for XRP in the short and long term.