Top Cryptocurrencies Ripple (XRP), Cardano (ADA), and Stellar (XLM) See Continued Gain

With the crypto market on the rise, three well-known cryptocurrencies are making waves: Ripple ($XRP), Cardano ($ADA), and Stellar ($XLM). Looking at the monthly charts for these coins can give us a better idea of where they might be headed in this bull market.

Let’s start with Ripple ($XRP). The recent surge in price could be a sign that this cryptocurrency is on its way to an all-time high. Speculation is that the departure of SEC Chairman Gary Gensler might take some regulatory pressure off XRP. The current monthly candle is up 178%, breaking through key levels. To fully reverse the downward trend, XRP needs to establish a new local higher high at $1.97.

Moving on to Cardano ($ADA), things are looking promising. The monthly chart shows a strong base at $0.34 and a breakthrough of key Fibonacci levels. With the higher high in place, ADA could see further upside potential, especially as indicators like the Stochastic RSI and Relative Strength Index are showing positive signs.

Lastly, Stellar ($XLM) has seen an impressive 600% increase in November alone. Although the price has retraced slightly, it is inching closer to key Fibonacci levels and the all-time high at $0.80. The monthly Stochastic RSI is in a good position, but the RSI is in overbought territory, suggesting a period of consolidation may be needed.

It’s important to remember that investing in cryptocurrencies carries risks, and this article is not intended as financial advice. Keep an eye on these coins as they continue their bullish trends!