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.
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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