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Biggest Movers: XRP Surges to 2-Week High, SOL Maintains Recent Momentum

Biggest Movers: XRP Surges to 2-Week High, SOL Maintained Recent Momentum

XRP extended a recent bull run on Friday, as the token moved to its highest point in the past two weeks. Today’s move came as the cryptocurrency marginally broke past a key resistance level. Solana was also in the green, as price rose for a fourth straight day, nearing the $20.00 mark in the process.

XRP

XRP was a notable gainer on Friday, as the cryptocurrency climbed higher for a fourth straight session.

XRP/USD peaked at a high of $0.5051 earlier in the day, which comes a day after trading at a low of $0.4824.

As a result of today’s gains, XRP, formerly ripple, rose to its highest point since September 1, when price traded at a high of $0.5115.

Looking at the chart, the move occurred after the token broke out of a resistance level at $0.4920.

This took place as the relative strength index (RSI) briefly escaped a ceiling of its own around the 38.00 mark.

Price strength now sits at 38.42, with the next visible point of resistance at 42.00.

Solana (SOL)

Solana (SOL) maintained a bull run of its own today, as it too rose higher for a fourth consecutive day.

Following a low of $18.77 on Thursday, SOL/USD edged to a high of $19.26 earlier in today’s session.

The rally saw solana once again break out of a ceiling at $19.20, however like yesterday bulls were unable to maintain this move.

At the time of writing, SOL has since edged lower, and is now trading at $18.95, with the RSI hovering near a hurdle of its own.

The index is now tracking at 41.98, which is just below the aforementioned resistance level of 42.00.

In order to push towards $20.00, solana bulls need to force a breakout in the coming days.

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Will markets consolidate during the weekend? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/F0T85g3
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