Skip to main content

Biggest Movers: XRP Hits Fresh 5-Month High on Tuesday, Extending Recent Win Streak

Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing.

XRP

XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months.

XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573.

As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process.

Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87.

This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00.

Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling.

Monero (XMR)

During today’s red wave, monero (XMR) was a notable token to fall, as prices moved to a five-day low.

Following a high of $163.98 to start the week, XMR/USD slipped to a bottom at $149.85 earlier in today’s session.

The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146.00 in the process.

Whilst price has yet to reach this floor, the RSI collided with a support point of its own at the 49.00 mark.

Bulls have since pushed the index higher, with price strength now tracking at 50.08, which comes as XMR moved away from earlier lows.

Currently, monero is tracking at $154.03, with a move towards a ceiling at $156.00 a strong possibility.

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

Do you expect monero to move higher in upcoming days? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/Gl6Sr2u
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

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

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more