Dogecoin rose in price for the second straight day, trading near its highest level since late September on Wednesday. The rally is attributed to meme coin continuing to trade above a key resistance level after breaking out on Tuesday; Xrp is also in the green today, trading near its highest level in a week.
Dogecoin (DOGE)
Dogecoin (DOGE) was one of the notable movers today, with the meme coin hitting its highest price in over a week.
Following a low of $0.0606 on Tuesday, DOGE/USD rose to an intraday high of $0.06646 earlier today.
The move allowed the token to continue trading above the $0.0640 resistance line, its strongest point since September 24.
The chart shows that the price is falling, as the 14-day Relative Strength Index (RSI) hits the resistance point at 60.00.
This clash then prompted traders to exit their previous positions and secure faster profits in the process.
Memecoin continued to trade above $0.0640 and the 10-day (red) moving average is also trending higher, which could be a sign of further upside ahead.
A relatively large move on Hump Day was, with XRPalso rose to near one-week highs.
XRP/USD /USD hit a high of $0.4938 earlier as the token’s price rose for the third consecutive day.
This price increase pushedXRP XRP to its highest level since September 30, approaching a key resistance level in the process.
The chart shows the token approaching this $0.510 mark, which it has not hit since September 25.
The earlier rally has faded somewhat as of this writing, as the RSI is about to reach the 62.00 ceiling.
Beyond this point, it is likely thatXRPwill continue to rise; XRPwill continue to rise; andXRPwill continue to rise as the RSI is likely to reach the 62.00 ceiling.
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