XRProse nearly 15% in today’s session, climbing to its highest price in over a week in the process. This crypto market momentum is also indicative of AVAX’s 12-day high, following its more than 11% gain on Friday.
Bullish pressure on XRPstrengthened on Friday, with prices rising to their highest in over a week during today’s session.
Today’s surge sawXRP/USD rose, hitting $0.3847, its highest intraday high since June 11.
Overall, prices are now up 13.6% from Thursday’s low of $0.3244, after marginal breaches of key price limits.
This resistance point is at $0.3800 and was broken as short-term momentum continued upward.
Looking at the chart, the 10-day moving average (red) confirms this change in direction and the trend is now to the upside.
Furthermore, the 14-day RSI is now at its highest level in over three months after hitting a high of 50.71 earlier today.
However, since this point is also a resistance line, it is likely that some bulls liquidated their positions, easing somewhat the earlier rally.
Avalanche (AVAX)
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AVAX was another notable move to end the week as prices approached the key mark of $20 on Friday.
After a slow start to the week with an all-time low of $13.53, prices rose to a peak of $19.97 earlier today.
The move has pushed prices up 13% in a single day as bulls attempt to break out of their current ceiling.
Despite this growing bullish pressure, $20 resistance has held firm so far in today’s session and as of this writing trading at $19.29 as of this writing.
One factor may be that the Relative Strength Index has also hit a ceiling.
As a result, we may not see enough bulls re-enter the market to lead to a breakout at the $20 level.
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