Skip to main content

Biggest Movers: XRP Rebounds on Friday, Following Recent Decline

Biggest Movers: XRP Rebounds on Friday, Following Recent Decline

After being the victim of a red wave on Thursday, XRP rebounded in today’s session, as crypto bulls remained resilient. The global market cap is up by 0.40% at the time of writing, following a 2% drop yesterday. Stellar was another strong mover on Friday, and is currently up 2.25%

XRP

XRP was back in the green on Friday, after bulls abruptly ended a three-day win streak during yesterday’s session.

Following a low at $0.5025 on Thursday, XRP/USD moved to a peak at $0.5134 earlier in the day.

The surge saw XRP, formerly ripple, once again make strides towards a key resistance level at $0.5450.

From the chart, it appears that the rebound came as the relative strength index (RSI) climbed back above a ceiling at 47.00.

At present, price strength is now sitting at 48.72, with the next visible ceiling near the 54.00 region.

In the event this target is hit, there is a strong likelihood that XRP moves above $0.5400.

Stellar (XLM)

Stellar (XLM) was also in the green in today’s session, after two consecutive days of price declines.

XLM/USD peaked at $0.1154 earlier in the day, which comes less than 24 hours after falling to a low of $0.1122.

As a result of the decline, bulls continued to push the token away from a recent floor at $0.1100, and back on course toward resistance at $0.1320.

Today’s rebound was helped by the RSI reaching a floor of its own at 37.00, and it is now tracking at 39.87.

A ceiling at 44.00 now awaits bulls, and could be the main hurdle preventing further gains this weekend.

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

Where will stellar end this weekend? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/iPG10Zo
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
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

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...
Post a Comment
Read more