Amid a recovering crypto market, the risk appetite of bulls and smart money is increasing. As a result, the demand for altcoins increases and teases a high-speed trend reversal rally.
With a bullish trend in XRP and its rival under $1, the race to hit the psychological is neck to neck. As XRP races against many to achieve $1, here are the top XRP rivals to watch out for.
Altcoins Ready To Hit $1
Ripple (XRP)
With a long-coming descending trend line in action, the XRP price fails to achieve the $1 mark in the recent bullish recovery. The recovery run takes resistance from the overhead trend line near the $0.60 mark, taking a 4.38% drop on Sunday.
Currently, the XRP price is trading at $0.5869, challenging the 68.10% Fibonacci level near the overhead trend line following the 2.86% recovery on Monday. During the recent upsurge, the XRP price has sustained dominance above the 50-day EMA while the 50 and 200-day EMA maintain a bullish alignment.
As the bullish recovery continues to challenge the overhead trend line, the breakout chances for the altcoin are increasing. Based on the Fibonacci levels, the $1 mark aligns with the 1.618% level as a potential target, with an upside potential of 70%.
With new Ripple product developments and a conclusion to the legal battle, the uptrend chance is increasing for XRP.
Popcat (POPCAT)
With a massive triangle in the 4-hour chart, the PopCat coin maintained a sideways trend for a long time. However, the recent bullish reversal in the alctoin surpasses the overhead trend line and the $0.60 mark.
The bullish influence leads to a golden crossover in the 50 and 200 EMA and teases a potential bullish crossover. Meanwhile, the MACD and Signal line are teasing a potential crossover as the PopCat token takes a bullish reversal from the 50 EMA.
Based on the Fibonacci retestment level, the meme coin is sustaining above the 50% line level at $0.6398 and challenges the 61.80% level at $0.72. The upside targets for the PopCat coin are $0.83 and $0.97.
As the altcoin is trading at a higher level than XRP, this increases its chances of reaching the $1 mark faster.
Fantom (FTM)
The FTM price action reveals a massive long-coming overhead trendline breakout in the recent bull cycle. The altcoin price trades at $0.5522 with an intraday gain of 6.17%.
Further, the recent bull cycle creates a third consecutive bullish candle, accounting for a 16.87% recovery. The recovery run surpasses the 38.20% Fibonacci level at $0.49. Further, it also reclaims the $0.50 psychological mark. Hence, the impressive achievement of the ongoing bull cycle teases a massive bull run ahead.
Trading at a price near the XRP’s 50 cents, the upside potential for FTM is more than 100% as the 100% Fibonacci level stands at $1.14. Further, the bullish recovery increases the chances of a golden crossover with an uptick in the 50-day EMA.
The next incoming resistance for the altcoin is at the 50% Fibonacci level at $0.5777 and the 61.80% level at $0.6787.
Curious about FTM’s long-term price targets? Read our Fantom (FTM) price prediction for a sneak peek into the future.
