XRP, Ethereum breach key resistances; swing by over 16% and 7% respectively over 24 hours

The latest cryptocurrency market swing prompted two prominent coins to breach significant resistance levels. As the cryptocurrencies extended gains above key levels, Ethereum surged over its $200-level and XRP also broke the $0.30 mark.

The collective cryptocurrency market stood at a market cap of $271.8 billion, at press time. While Bitcoin market dominance stood at 67.7%, the latest upward price momentum was steered by the alts.

Source: CoinMarketCap

Ethereum 1-day chart

Ethereum reached a monthly high and was trading at $212.3 after a surge of 7.38% over the last 24 hours. The coin held a market cap of $22.8 billion and a 24-hour trading volume of $10.5 billion, at press time. The trading pair ETH/USDT contributed to 4.58% of the trading volume at the crypto-exchange, Coineal. The altcoin had been trading close to $200 for a week, before finally breaking the key resistance level on 17 September.

With the latest bullish trend, ETH has attempted to climb higher and its major support level was found at $185 for the daily chart.

Source: TradingView

XRP 1-day chart

XRP’s price climbed higher however and at press time, Ripple’s native token was trading at $0.305 after an increase of 16.63% over the last 24 hours. XRP held its market cap at $13.1 billion. XRP registered a 24-hour trading volume of $2.45 billion, 10.02% of which was contributed to by the trading pair of XRP/USDT at BW.com.

As the bullish trend continued in the cryptocurrency market, XRP found its support at $0.26-level on the daily chart.

Source: TradingView