Skip to main content

Biggest Movers: ADA, XRP Rebound From Recent Losses on Friday

Cardano climbed for a second consecutive session on Dec. 23, as the token surged to its highest point since Monday. Overall, crypto prices were marginally higher as of writing, with the global market cap currently up 0.49%. Xrp, formerly known as ripple, also rose, with prices nearing a key resistance level.

Cardano (ADA)

Cardano (ADA) was in the green on Friday, as prices surged for a second straight session.

ADA/USD raced to a high of $0.2623 in today’s session, which comes less than a day after the token was trading at $0.2482.

The move saw the token climb towards a resistance level of $0.2685, and it is currently trading at its highest point since Monday.

As can be seen from the chart, Friday’s gains come as the 14-day relative strength index (RSI) has moved closer to a ceiling of its own at 32.00.

The index is currently tracking at 30.18, with the price slipping from earlier highs, and trading at $0.2586 as of writing.

In order for bulls to hit the ceiling at the $0.2685 mark, this upcoming ceiling of 32.00 on the RSI must first be broken.

XRP

XRP, formerly ripple, also rose on Friday, as the token extended a recent bull run, in hopes of breaking out of a key resistance point.

Following a low of $0.3424, XRP/USD raced to an intraday peak of $0.3531 earlier in today’s session.

Today’s high is the strongest point that the token has traded at since Sunday, when it was at a top of $0.3555.

Despite this recent climb in price, sentiment in XRP still appears to be bearish, with the 10-day (red) moving average (MA) extending its downwards cross with the 25-day (blue) MA.

In addition to this, the 14-day RSI is currently tracking at 39.65, which is close to a ceiling of 41.00.

If bulls are unable to force a breakout of this level, we will likely see XRP once again move lower.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect xrp to break its current resistance of $0.3565 this weekend? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/84yWqa9
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more