The XRP price has increased by 3% in the last 24 hours, reaching $0.60 and pushing its market cap to $31.7 billion. On-chain data reveals that this price surge is accompanied by a rise in whale participation. According to Santiment, the number of wallets holding at least 10,000 XRP has reached an all-time high of 277,620. This surge in price and whale activity suggests a positive outlook for XRP.
The immediate resistance for XRP on the upside is $0.68. If the price manages to surpass this level, market analysts predict a potential rally to $0.90 by November 2023. However, the downside for XRP appears limited at present. CrediBULL suggests that the current resistance phase indicates a consolidation period rather than a significant price drop. Improved liquidity in the altcoin market could lead to breakthroughs to higher price levels.
Solana has maintained its bullish momentum, gaining an additional 7% in the last 24 hours and surpassing $38. This brings Solana's weekly gains to over 22% and monthly gains to over 80%. On-chain data shows that discussions about Solana have reached their highest point in the past 5 months.
Santiment reports that Solana has reclaimed the #7 position in the market cap rankings, experiencing a remarkable 62% surge in value during October. Approximately 2% of all discussions about the top 100 assets revolve around $SOL, indicating growing interest in the cryptocurrency. An increase in trading volume would further support the positive trend for Solana.
