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Biggest Movers: XRP Hits 1-Month High, SOL Back Above $20

Biggest Movers: XRP Hits 1-Month High, SOL Back Above $20

XRP was one of Friday’s notable crypto gainers, rallying to a one-month high earlier in today’s session. Bullish sentiment returned to end the week, with the global market cap trading nearly 1.5% higher as of writing. Solana also surged, moving back above the $20.00 mark.

XRP

XRP, formerly ripple, was one of today’s biggest movers, climbing by as much as 5% earlier in the day.

Following a low of $0.5036 yesterday, XRP/USD raced to a peak of $0.5455 during Friday’s session.

This resulted in the token hitting its highest point since August 29, which is the last time price hit a ceiling of $0.5490.

Looking at the chart, it appears that the move came as the 14-day relative strength index (RSI) rose beyond a ceiling of its own at 56.00.

As of writing, the index is tracking at 58.67, with the next visible point of support near the 60.00 mark.

In the event the 60.00 ceiling is broken, there is a good chance that XRP will climb beyond $0.5500.

Solana (SOL)

In addition to XRP, solana (SOL) also rallied strongly on Friday, rising above $20.00 in the process.

SOL/USD climbed to a high of $20.32 earlier in today’s session, following Thursday’s low at $19.22.

This surge has seen solana hit a nine-day high, which comes after three straight days of bullish momentum.

Overall, the uptrend comes as the 10-day (red) moving average rose above its 25-day (blue) counterpart.

Bulls are likely now targeting a higher resistance level of $21.00, which would result in a four-week high.

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Could solana hit $21.00 this weekend? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/Zp4uWo9
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