Xrp rose nearly 10% on Friday as the token neared recent four-month highs. The move came as U.S. consumer sentiment data came in at 58.6, higher than August’s 58.2.UNUS SED LEO also turned green, rising as much as 12% in today’s session.
XRP rose over 10% in today’s session as it nears multi-month highs.
After hitting a low of $0.4285 on Thursday,XRP/USD /USD rose to an intraday peak of $0.503 later in the day.
The move brought the token formerly known as Ripple closer to last week’s high of $0.558, its strongest since May.
As you can see from the chart, the earlier gains eased somewhat as the Relative Strength Index (RSI) hit its ceiling.
The index is currently hovering at 63.81, just below the aforementioned resistance point of 65.00.
UNESED LEO (LEO)
Another one to watch in today’s session is UNUS SED LEO (LEO), trading as high as 12%.
LEO/USD reached an intraday peak of $4.69 on Friday, less than a day after hitting a low of $4.18.
Today’s rally occurs as LEO bounces from a key support point at $4.05. The token is now moving close to the $4.80 ceiling.
In addition to the bounce off the price bottom, the 14-day RSI broke through the ceiling on its own, which is another reason for the move higher.
It is now above the 48.90 resistance at the 50.96 mark.
When LEO hits $4.80, traders will move to secure profits and the market may fall.
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