Three major altcoins—Ripple (XRP), Pepe (PEPE), and Livepeer (LPT)—are exhibiting strengthening technical signals over the past 24 hours. Amid a revitalizing market following Bitcoin's surge last week, these assets are demonstrating stability and attracting attention from crypto participants.
Analysts highlight PEPE's breakout potential, accumulation signs for XRP, and a significant rally for LPT as early indicators of a possible extended upward trend.
XRP Stability and Notable Volume Increase
XRP recorded a daily gain of +0.40%, with its price hovering around $2.30. Although the price increase is modest, a significant volume jump of 5.46% signals accumulation worth noting for both daily traders and short-term investors.
From a technical perspective, the XRP/USDT daily chart is nearing a breakout pattern. The Relative Strength Index (RSI) sits at 51.16, a neutral position that leaves room for further upward movement. The 30-day moving average (MA 30) is currently at $2.3274, which the market price has now surpassed.
Analysts project two short-term scenarios. First, if the volume momentum continues, XRP's price could break the $3 resistance level** and aim for **$3.50. Second, if a correction occurs, a strong support zone lies between $2.00 and $2.30, potentially setting the stage for a reversal.
Fundamental factors continue to support XRP's status as a high-potential altcoin. These include its partial legal victory against the SEC and recognition from the UN as a cross-border solution. Its short-term potential appears solid, provided the broader crypto market maintains its recovery.
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PEPE Recovery and Impending Breakout
PEPE is currently trading at $0.00001383**, up **0.37%** in the last 24 hours. Although its daily volume decreased by **13.56%**, its market capitalization remains robust at **$5.82 billion. This indicates that PEPE's appeal among investors remains strong, despite some lingering short-term selling pressure.
Technically, PEPE is showing promising patterns. This meme coin has been forming a descending wedge pattern since late 2024. Historically, this pattern is often followed by a sharp breakout if supported by increasing volume and positive momentum.
The current PEPE price has breached its descending trendline and is trading above its 30-day moving average (MA 30) at $0.00001180. Meanwhile, the RSI indicator reads 62.13, approaching bullish territory but still below overbought levels.
If this trend continues, PEPE could potentially break through the resistance zone between $0.00002 and $0.00003. However, a short-term correction remains possible. A strong support level exists between $0.00001200 and $0.00001300, which could serve as a bounce point before any subsequent rally.
Several analysts believe PEPE has a chance to reach a new all-time high (ATH) if the overall market momentum stays positive through mid-quarter.
Livepeer (LPT) Token Surges 110%, Capturing Market Attention
The Livepeer (LPT) token experienced a sharp rally, soaring from $5.15 to $11.76 in less than 24 hours—marking a 110% increase. This breakout was technically confirmed by high volume and surging buy interest, triggering a wave of buying activity within the trader community.
Amid this euphoria, new long signals emerged, suggesting an entry point around $5.209 with progressive profit targets up to $6.512, utilizing 50x leverage and a maximum hold time of 12 hours. These signals aimed to capitalize on a technical bounce, even though the spot price has since surged far beyond that level.
Despite LPT's attractive prospects, analysts emphasize the importance of risk management. Employ a trailing stop-loss if entering at a higher price, and avoid FOMO (fear of missing out) once a significant rally has already occurred. Momentum can present an opportunity but also a trap for the unprepared.
Conclusion
These three altcoins exhibit characteristics worthy of attention. XRP is stable and beginning to show signs of accumulation. PEPE is preparing for a breakout from a strong technical pattern. Meanwhile, LPT's significant price increase comes with a cautionary note due to accompanying high volatility.
The combination of these technical and fundamental signals could be the starting point for a continued rally, provided the overall market strength persists. Traders and investors are advised to monitor the volume movements and daily price patterns of these three assets, especially amidst improving market sentiment.
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Frequently Asked Questions
What is driving the potential for XRP to reach $3?
A combination of legal, geopolitical, and institutional sentiment factors are the primary drivers. The increasing trading volume also signals market accumulation.
Why is PEPE considered to be in a technical breakout phase?
It has formed a descending wedge pattern, which historically often leads to a price surge if confirmed by high trading volume.
What is the RSI and how does it influence trading?
The Relative Strength Index (RSI) measures market momentum and conditions. When it nears 30, an asset is considered oversold and may be due for a rebound. When it approaches 70, it may be overbought.
How can you identify accumulation signals in altcoins like XRP?
Accumulation signals typically appear when a price increase is accompanied by a significant rise in trading volume, often indicating large-scale buying by investors.
What is the Livepeer (LPT) token?
LPT is the native token of Livepeer, a decentralized video streaming protocol operating on the Ethereum network. The project focuses on bringing efficiency and scalability to video within Web3.
Why did the price of LPT increase by 110% in a single day?
LPT's price surge was caused by a strong technical breakout, coupled with large trading volume and increased interest in Web3 infrastructure projects.