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At the time of writing, XRP is expected to maintain its ascent as buying activity picks up on the charts. On the other hand, Algorand moved lower after a bearish marubozu candlestick formed on its 4 hour chart. Finally, Zcash was tipped to reverse the resistance of $ 125.6 on the back of strong bullish signals.

XRP

Source: XRP / USD, TradingView

XRP bulls have kept the crypto price above the crucial $ 0.45 support level as the bullish momentum has accelerated over the past two sessions. This momentum was reflected by the Awesome oscillator when the bars have turned green on the histogram. While some saturation has been observed in the market, according to the Stochastic RSI, buying activity and trading volumes have increased over the past 24 hours and have countered the bearish outlook.

A prolonged bull run could see XRP climb above the resistance bar of $ 0.55 and target the next high at $ 0.632. If traders decide to take profit at this price point, support at $ 0458 would be in the spotlight.

Algorand [ALGO]

Source: SOMETHING / USD, TradingView

The formation of a bearish marubozu on Algorand’s 4-hour chart signaled a bearish reversal after price hit a local high above $ 1. The sale was noticeable on the On Balance Volume, with the indicator moving lower over the last few sessions. A bearish cross on the MACD showed that sellers were ready to take control of the market.

Support levels stood at $ 0.98 and $ 0.85 if lower. However, if the bulls ease the selling pressure around the $ 0.98 support, there would be a chance of a bullish rebound in the coming days.

Zcash [ZEC]

Source: ZEC / USD, TradingView

Zcash’s performance has been quite bullish over the past seven days, with the cryptocurrency posting gains of over 20%. The uptrend was clear on Parabolic SAR dotted markers that moved under the candlesticks.

In addition, the Chaikin Money Flow showed capital inflows were at their highest level in nearly 9 months, with the cryptocurrency trading near its November 2018 levels. Given the recent rally in the market as a whole, a prolonged bull run was favored for the short-term ZEC.

In such a case, the next level of resistance will be at $ 125.6. Conversely, a massive sell off at this price point could push the ZEC down to the support levels at $ 109.76 and $ 103.58.

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