Cardano rose to a seven-month high on April 14 as the cryptocurrency market remains bullish. The global crypto market cap rose as much as 2.25% on Friday, with bitcoin moving above $31,000. xrp was another notable gainer as the token hit a two-week high.
Cardano (ADA
Cardano (ADA) rose for the eighth consecutive session on Friday, and today’s gain sent the token to a seven-month high.
ADA/USD ran up to an intraday peak of $0.4441 early in today’s session after trading as low as $0.4115 on Thursday.
Friday’s price spike pushed Cardano to its highest price since a high of $0.4631 on September 27.
The chart shows that today’s jump followed a breakout of $0.4230, a key resistance level.
In addition to this, the Relative Strength Index (RSI) has also crossed its own ceiling at 65.00 and is currently at 71.06.
A ceiling of 72.00 is in the offingand the ADAbulls, if unable to move beyond this point, could diminish their earlier gains.
XRPis green again as it continues to move away from its recent price bottom.
Following Thursday’s low of $0.5092,XRP/USD rose to a high of $0.5438 earlier in the day.
As a result of today’s price action,.XRPmoved to its highest level since March 29, when it hit a then 11-month high of $0.5848.
The chart shows that one of the triggers was the 14-day RSI bouncing off the 57.00 bottom.
Price strength is now tracking at 62.97, just below the point of resistance at the 63.00 mark.
At the time of writing,XRPis trading at $0.5274, slightly lower than its previous peak.
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