Xrp rose for the third consecutive session on Wednesday, with prices reaching their highest levels in two weeks. This rise comes despite market sentiment remaining bearish, with global market capitalization trading 1.29% lower at the time of this writing. Shibas also rose in today’s session.
XRPwas back in the spotlight on Wednesday, with prices rising for the third consecutive session.
XRP/USD hit an intraday high of $0.3952 earlier today, less than 24 hours after trading at a low of $0.3729.
Following this rally, the token has now climbed to its highest price since February 21 and is closing in on the $0.40 ceiling.
The chart shows this with the 14-day Relative Strength Index (RSI) slightly above the 57.00 ceiling.
At the time of this writing, it is at 57.98, which is the strongest reading since the beginning of February.
Shiba Inu (SHIB)
Shibainu (SHIB) jumped back into the green on Wednesday as prices re-entered a key support point.
After hitting a low of $0.00001065 on Tuesday, SHIB/USD rallied sharply, peaking at $0.00001132 later in the day.
This move means that the meme coin is back above the $0.00001100 price floor following its breakout earlier in the week.
Overall, this price rally seems to be attributed to the RSI’s recent move away from the 36.00 floor.
As of this writing, the index is hovering at 39.63, with a ceiling of 42.00 a possible bullish target.
This ceiling would need to be broken in order for this rally to turn from a short-term one into a more sustained one.
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