2 years ago
Xrp was erstwhile again higher connected Friday, arsenic the token deed a 4-month precocious for a 3rd consecutive session. The token formerly known arsenic ripple has risen by implicit 50% successful the past 7 days, contempt the existent marketplace volatility. Cronos was besides a notable mover today, climbing by astir 15%.
XRP
XRP was higher for a 2nd consecutive league connected Friday, arsenic the token moved to a caller four-month high.
Following a debased of $0.3398 to commencement the week, XRP/USD roseate to an intraday highest of $0.5523 earlier today.
As a effect of today’s surge, which saw the terms ascent by implicit 10%, XRP climbed to its highest constituent since May 9.
Looking astatine the chart, the determination comes arsenic the token raced past its semipermanent ceiling of $0.5000, sending the 14-day comparative spot scale (RSI) to a caller high.
As of writing, the scale is presently tracking astatine 72.57, which is its strongest constituent since August 2021.
Since earlier highs, XRP has moved lower, arsenic erstwhile bulls look to person liquidated their positions, securing gains successful the process.
Should bears spot this arsenic an accidental to reenter the market, we could spot XRP statesman to reverse course.
Cronos (CRO)
Cronos (CRO) was different notable gainer successful today’s session, arsenic the token roseate past a cardinal absorption level.
CRO/USD surged to a precocious of $0.1226 connected Friday, which saw prices determination beyond their caller ceiling of $0.1145.
Today’s highest is the strongest constituent that cronos has deed successful the past 10 days, pushing CRO adjacent to a ceiling of $0.1260.
In summation to the breakout of the caller absorption level of $0.1145, determination has besides been a breakout of a ceiling of 50.50 connected the RSI indicator.
As you tin spot from the chart, the 10-day (red) moving mean besides looks to beryllium closing successful with its 25-day (blue) counterpart, which could pb to an upwards crossover.
Overall, the token is presently trading astir 14% higher from the aforesaid play past week.
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Will we spot momentum successful cryptocurrency markets emergence this coming weekend? Let america cognize your thoughts successful the comments.
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