CandleFocus

Why These Altcoins Are Trending Today — December 3

Several cryptocurrencies, including Ripple (XRP), Sun token (SUN), and Ondo (ONDO), have experienced significant price increases, leading to speculation about the arrival of an altcoin season. XRP has seen a 431% price increase in the past 30 days and has become the third-most-valuable cryptocurrency. The Relative Strength Index (RSI) for XRP suggests that the token is in the overbought territory, indicating a potential retracement. SUN has seen a 14.50% price increase in the last 24 hours and is supported by the Parabolic SAR indicator. ONDO has seen a 45.40% price increase in the last 24 hours and has reached a new all-time high. The altcoin's rally is linked to Real World Asset (RWA) tokenization. Factors such as whale activity and trading volume are driving these altcoins' performance.

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