Trending Coins for Today, July 15: XRP, PEPE, ELF, XLM, and BTC

Today’s list of weekly trending coins on CoinMarketCap consists mostly of tokens whose prices have increased significantly over the past seven days. Consequently, this indicates that they have effectively converted the traffic. Let’s see what the coming trading session has in store for them.

XRP

Major Bias: Bullish

XRP has dethroned the mighty Pepe from the top spot on the trending coin list for this week. Has gathered the most traction over the past seven days as its price surged by a whopping 54.93%. Meanwhile, today’s trading has brought a price reduction of 8.33%.

 

Furthermore, the XRP token has a market capitalization of $38,080,636,533 and a daily trading volume of $5,340,680,719 as of the time of writing. The price action for this role revealed that price action in this market spontaneously poked through the 0.8000 mark.

 

As a result, this drew the attention of dip buyers, who used the price spike as an opportunity to cash out on this market. Subsequently, this resulted in a sharp price decline to support at the $0.7154 price mark.

 

Nevertheless, price action remains significantly above the Moving Average lines. And the Stochastic Relative Strength Index (RSI) is indicating that upside momentum is largely on, as its line still has an upside bearing. Therefore, traders can at least hope for the price to correct toward $0.7500 shortly.

Current Price: $0.7261
Market Capitalization: $38,080,636,533
Trading Volume: $5,340,680,719
7-Day Gain/Loss: 54.93%

Pepe (PEPE)

Major Bias: Bullish

Pepe was displaced to the second position on this week’s list by XRP. However, this market seems to have found a favorable base for continued upside traction. Over the past seven days, the price of this token has increased by 7.54%, while today’s trading has incurred a loss of 4.16%.

 

Consequently, this implies that more than half of the week’s gain has been lost. Pepe has a market capitalization of $655,539,378 and a 24-hour trading volume of $267,454,495. On the daily market, a green price candle has appeared for the ongoing trading session.

 

Also, this price candle appeared above the 9- and 21-day MA lines, which indicates that price activity may be preparing to extend the upside retracement. Furthermore, the gap between the MA lines is narrowing, while the RSI curve keeps rising towards the overbought zone.

 

Consequently, this seems to be predicting that price action may gain more upside momentum, and prices may approach the $0.0000018000 mark.

 

Current Price: $0.00003792
Market Capitalization: $655,539,378
Trading Volume: $267,454,495
7-Day Gain/Loss: 7.54%

ELF Wallet (ELF)

Major Bias: Bullish

The ELF token seems to have started an upside retracement since the 20th of June. And today, this token has appeared in the third position on the trending coin list on CoinMarketCap. The ELF Wallet has a self-reported market capitalization of $440,040 and a trading volume of $4,627,242.

 

Meanwhile, this token has done quite well, even over the past seven days, as its price increased by 33.21%. Also, today there has been a price increase of 1.70%. Moving to the daily chart, buyers seem to have taken back control of price action in the ongoing trading session.

 

This can be seen as a moderate-size green price candle showing up and correcting prices in the upside direction while prices remain above the MA lines.

 

Additionally, it can be seen that Buyers may have effectively aborted a trend reversal from the look of the RSI indicator. The lines of this indicator now have an upside-down bearing. Therefore, traders can hope that the upside correction clinches the $0.2900 mark.

 

Current Price: $0.2870
Market Capitalization:  $440,040
Trading Volume: $4,627,242
7-Day Gain/Loss: 33.21%

Stellar (XLM)

Major Bias: Bullish

Stellar comes in 4th on this week’s list, with a market capitalization of $3,586,129,867 and a 24-hour trading volume of $346,958,555. Also, this coin appears to have done quite well over the week, as its price witnessed an increase of 34.08%.

 

However, in today’s trading, there has been a price decline of 7.44%. Nevertheless, technical indicators on the XLM daily chart still hold that upside momentum is very much around in this market. At this point, price activity stays at a considerable height above the 9- and 21-day MA lines.

 

Also, despite the price decline over the past two trading sessions, the MACD indicator maintains that upside momentum is strong. Consequently, this may be hinting at a continued price increase towards the $0.5000 price level.

 

Current price: $0.1322
Market capitalization: $3,586,129,867
Trading volume: $346,958,555
7-Day Gain/Loss: 33.44%

Bitcoin (BTC)

Major Bias: Bearish

The king of Cryptocurrency has held on to the 5th position on this week’s trending crypto list on CoinMarketCap from last week until now. The king of crypto has a trading volume of $17,041,007,529 and a market capitalization of $589,383,279,957.

 

Also, this coin had seen just a 0.43% price increase in the past 7 days, but a price reduction of 2.63% today. Recently, price action in this market had poked through the $31,000 resistance from a base below the $30,500 price level.

 

However, the price candle for today’s trading has formed below the merged MA lines. Also, the size of this price candle suggests that traders are in a cautious mood concerning this crypto.

 

Meanwhile, the MACD indicator is suggesting that headwinds may be developing. This can be seen as the red bars are now appearing below the equilibrium level of this indicator. Consequently, price action may correct to the $30,200 mark, if not lower.

 

Current price: $30,241
Market capitalization: $589,383,279,957
Trading volume: $17,041,007,529
7-Day Gain/Loss: 0.43%

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