XLM breaks descending resistance, XRP nears breakout
- —XLM rose 6.65% in 24 hours to about $0.19, breaking resistance from Aug. 22
- —XRP gained 4.12% to about $1.40, needing roughly another 2% for a breakout
- —ETH and SOL rose less than 2% over the same period
- —An analyst sees a possible pullback on a 'buy the rumor, sell the fact' pattern
Why it matters: XLM's breakout and XRP's approach to resistance could set the direction for payment tokens at the CLARITY Act vote and the Federal Reserve meeting.
Source: DailyCoin