Monero jumped to a one-month high on Friday as overall sentiment in the crypto market changed little. The global market cap is trading 0.60% higher as of this writing, while Xrp returned to the red in today’s session as traders continued to secure recent gains.
Monero (XMR
Monero (XMR) was one of the biggest gainers today, with prices rising to a four-week high.
Following Thursday’s low of $152.16,XMR/USD ran up to a peak of $163.10 earlier in the day.
As a result of the move,.XMRrose to its strongest point since February 20, when the token reached a peak of $168.70.
chart, as Monero rose above a key resistance level at $155.00.
The momentum that had been building somewhat weakened as the 14-day Relative Strength Index (RSI) hit a ceiling at 58.00
At the time of this writing, the index was hovering at 58.84,and the XMRwas down slightly from its earlier high. It is currently trading at $160.65.
XRP. Ripple extended its decline on Friday as traders continued to secure gains following recent highs.
XRPfell from a peak of $0.4536 to a bottom of $0.4246 a day later in today’s session.
Today’s drop is three days afterXRPpeaked at $0.4940, its strongest since last November.
This decline is attributed to the RSI falling below the 64.00 ceiling and currently hovering at 57.31.
Despite the drop in sentiment, the bulls refused to breakout from the $0.4250 floor andXRPis now trading at $0.4264.
But if this support point holds, it could reverse over the weekend.
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