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.

ADA/USD – Daily Chart

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, 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.

XRP/USD – Daily Chart

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.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


source

By pplny

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다