NFT sales have hit $187.89 million, increasing by 3.88% in the last week. Ethereum leads at $106.72 million in sales, up by 9.39%. Bitcoin comes in second at $25.35 million, down by 9.43%. Solana comes in third at $16.92 million, down by 3.18%. Immutable has done very well, increasing by 26.97%, hitting $7.73 million in sales.
Top NFT Collections and Transactions
The Azuki collection was at the top with $26.87 million in sales, up 51.19% from the previous week. Pudgy Penguins came in second at $13.33 million, up 36.57%. Azuki Elementals came in third at $8.32 million, up 11.64%. Of particular interest is that Solana’s Mad Lads collection saw a remarkable 132.07% rise in sales to $4.25 million.
High-volume transactions included:
- Cryptopunk #6,472 sold for $740,180
- Creating Colourblind NFT (Cardano) sold for $392,235
- Solana Boggle #007 sold for $369,876
Buyer count increased by 59.34%, sellers also increased by 43.67%. The total transaction has decreased by 6.37% to 1.42 million transactions, as the selective behavior increases when people’s interest is rising.
XRP Market Update: Consolidation Shows a Possible Breakout
The current price of XRP is at $3.12 with a market capitalization of $179 billion and 24-hour volume at $3.29 billion. Price movement has been oscillating between $3.10 and $3.20 with weak momentum and low trading volume.
Levels to Watch:
Resistance: Short term: $3.20, stronger resistance level at $3.40
Support: $3.10 critical, $3.00 downside threshold
A breakout above $3.20 with increasing volume may trigger a bull run to $3.25 to $3.30. If it were to decline below $3.10, the pressure may cause further downside movement and possibly reach the $3.00 level or lower.
Indicators
- Oscillators: RSI is neutral at 63.61, Stochastic %K at 73.93, and CCI at 56.40.
- MACD is positive at 0.225.
- Moving Averages: Long-term EMAs and SMAs are bullish, though the short term is capped.
Verdict
- Bullish Scenario: It can break and move to $3.40 if it succeeds in breaking at $3.20 with growing volume. Indicators such as the MACD make the breakout especially favored if supporting momentum indicators begin making an appearance for a breakout at $3.10.
- Bearish Scenario: If the coin fails to hold the range above $3.10, it will move to the level of $3.00 and even lower once selling pressure strengthens with short-term momentum weakening.
Looking at the consolidation pattern, the next breakout or downside risk still remains. Key support and resistance levels must be watched for closely.
