Xrp rose for the second consecutive session on Wednesday, as the token continues to move away from its recent price lows The token has largely consolidated since hitting an 11-month high a week ago. Avalanche was also green at its highest price in a week.
XRPcontinued to break away from recent support points, with notable gains in today’s session.
Following a low of $0.4972 on Tuesday,XRP/USD ran up to an intraday high of $0.5256 earlier today’s session.
This followed a breakout earlier in the week as the bulls continued to try to move away from the $0.49500 floor.
The chart shows this as the 14-day Relative Strength Index (RSI) bounced off of support at 59.00.
As of this writing, the index is hovering at 61.24 and the next ceiling is likely at 63.00.
As a result of this upcoming hurdle, previous bulls have already moved to liquidate profits andXRPis currently trading lower at $0.5137.
Avalanche (AVAX)
Avalanche (AVAX) moved to a one-week high on Tuesday, which was also a notable upside factor.
AVAX/USD moved to a peak of $18.31 early in today’s session after falling to a low of $17.29 the day before.
The avalanche showed its strongest move since March 23, moving above the $18.00 ceiling.
The RSI then hit a wall at the 56.00 level, resulting in a slight decrease in the previous gains.
Price strength is now tracking at 55.63, resulting in AVAX trading below $18.00 again.
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