Xrp reached a five-month high on Tuesday as prices rose for the fourth consecutive session. The token moved to its highest price since November despite a red wave in the cryptocurrency market. Its global market capitalization is down 2.35% at the time of writing.
XRPhit a five-month high and rose for the fourth consecutive session.
XRP/USD surged to an intraday high of $0.5029 within 24 hours of falling to a low of $0.4573.
As a result of the move,XRPrecorded its strongest since November 6, breaking through the $0.4950 ceiling in the process.
The chart shows that the 14-day Relative Strength Index (RSI) has moved to a one-week high, with the current reading at 68.87.
This is just below the 69.00 resistance and approaching the recent 7-month high of 74.00.
There is a prior gain ofXRPhas already begun to ease and it looks like the bulls are securing gains near this ceiling.
Monero (XMR)
In today’s red wave, Monero (XMR) was the token of note that fell as prices moved to 5-day lows.
Following a high of $163.98 earlier in the week,XMR/USD fell to a bottom of $149.85 earlier in today’s session.
The decline sent the Monero down as much as 7% and in the process approached a long-term support point at $146.00.
Price has not yet reached this floor, but the RSI has hit its own support point at the 49.00 mark.
The bulls then drove the index higher and now price strength is tracking at 50.08, which would beThe XMRhas moved away from its previous lows.
Monero is currently tracking at $154.03, which could be a strong move toward the $156.00 ceiling.
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