Biggest Movers: XRP Hits 1-Month High, After Moving Past Key Price Level
One of Saturday’s biggest movers is XRP, which rose to a 30-day high earlier in today’s session. The token rose for a third consecutive day, as bulls returned to the market to start the weekend. Cardano was another notable gainer today.
XRP (formerly ripple), moved to a one-month high on Saturday, as bulls began to gradually renter the market.
Following a low of $0.4614 on Friday, XRP/USD raced to a peak of $0.4777 earlier in the day.
As a result of the surge, the token climbed to its highest level since April 30, when it was last above $0.4800.
Looking at the chart, the move came as XRP bulls broke out of a key resistance level at the $0.4750
This occurred as the relative strength index (RSI) also moved beyond a ceiling at the 57.00 mark.
At the time of writing this, the index is now at a reading of 58.18, with the next target for bulls potentially at 62.00.
Cardano (ADA), was also in the green to start the weekend, with prices moving further away from a recent support level.
ADA/USD hit an intraday high of $0.3667 earlier in today’s session, which comes following a low of $0.3564 on Friday.
The move has resulted in cardano climbing to its strongest point since Wednesday, moving away from the aforementioned floor at $0.3550 in the process.
From the chart, ADA has begun to consolidate, with price now retreating from its earlier highs, following a collision with a ceiling on the RSI.
Price strength has failed to move past a point of resistance of 44.00 which has pushed the token to a current reading of $0.3638.
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What is the highest point cardano will hit this weekend? Let us know your thoughts in the comments.