Biggest Movers: XRP, ATOM Rebound From Recent Declines

Xrp rebounded from caller drops successful terms connected Friday, arsenic the token surged by astir 10% successful today’s session. Cosmos was different notable gainer, arsenic it snapped a four-day losing streak. Overall, cryptocurrency markets were mostly higher, with the planetary marketplace headdress up astir 5% arsenic of writing.

XRP

XRP was 1 of today’s large gainers, arsenic prices of the token roseate by astir 10% earlier successful today’s session.

Following a debased of $0.4380 connected Thursday, XRP/USD raced to an intraday highest of $0.5117 during the day.

Yesterday’s driblet saw the token gaffe to a ten-day low, which was marginally beneath a level of $0.4460.

XRP/USD – Daily Chart

As of writing, XRP is present trading astatine its highest constituent since Monday, erstwhile prices were supra a cardinal absorption constituent of $0.5280.

Looking astatine the chart, today’s surge comes arsenic the 14-day comparative spot scale (RSI) roseate beyond its ain ceiling astatine 57.00.

Currently, the scale is tracking astatine 58.07, with bulls seemingly targeting a higher absorption of 60.00.

Cosmos (ATOM)

Cosmos (ATOM) was different notable gainer connected Friday, arsenic the token rebounded from a four-day losing streak.

The world’s twenty-second largest cryptocurrency climbed to a precocious of $12.24 earlier successful the day.

Friday’s highest saw ATOM/USD astir 12% higher than the debased from the erstwhile time of $10.80.

ATOM/USD – Daily Chart

As a effect of Thursday’s drop, ATOM fell beneath its level astatine the $11.90 point, nevertheless bulls reentered the marketplace astatine this point, arsenic this typically has happened astatine this mark.

The 10-day (red) moving mean is present nearing its 25-day (blue) counterpart, which could trigger a imaginable upwards crossover.

As of writing, the RSI is moving person to a absorption of 43.00, which could beryllium the main hurdle for imaginable bulls looking to participate the market.

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Could cosmos deed $13.00 this coming weekend? Let america cognize your thoughts successful the comments.

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