The cosmos rose to a two-month high on Thursday as cryptocurrency prices rebounded following Wednesday’s decline.Xrp was also mostly green in today’s session, extending its recent gains in the process The market was also up by a margin of 1.5 percent on the day. The global crypto market cap is trading 0.17% higher at the time of writing.
Cosmos (ATOM)
Cosmos (ATOM) surged to a two-month high on Wednesday as the token rose to its strongest point since November.
Following a low of $11.10,.ATOM/USD surged to a peak of $11.44 earlier in the session today.
As a result of this surge, the Cosmos moved to its highest level since November 12.
Also, the 10-day moving average (red) continues to rise against the 25-day moving average (blue).
{However, with the RSI at levels not seen since last January, the bears could re-enter the market and sentiment could change soon.
So far on Thursday,XRP/USD has climbed to an intraday high of $0.3691, less than a day after hitting a bottom of $0.348.
The rally helped XRP move to its highest level since December 16 and close to a four-week high.
This latest price spike occurred as the RSI moved above the 57.00 resistance point and is currently tracking at 59.41.
As a result of this move, the 10-day (red) moving average is approaching a crossover with the 25-day (blue) moving average.
Once this upper cross occurs, it is likely thatXRPwill continue to move toward our long-term target of $0.40.
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