Xrp surged to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token rose as much as 12% on Tuesday, while the global market cap is trading 0.51% higher at the time of writing. Cardano was also in the green today.
XRPformerly Ripple, was one of the main movers on Tuesday as prices rallied as much as 12%.
XRP/USD reached an intraday high of $0.4283 earlier in today’s session, a day after trading as low as $0.374.
As a result of Tuesday’s move, xrp has now moved to its strongest point since Jan 23, breaking through a key resistance level in the process.
The aforementioned ceiling was at the $0.402 mark and it came as the Relative Strength Index (RSI) moved past its own ceiling as well.
At the time of writing, the index is at 65.76, which is above a resistance point at the 57.00 mark.
In general, it seems that the bulls are trying to take XRP to a ceiling of 69.00, which could send prices to their strongest point since November.
Cardano (ADA)
In addition to XRPcardano (ADA) also moved higher in the Tuesday session, with prices trading as much as 3% higher.
After a low of $0.3318 to start the week, ADA/USD ran to a high of $0.354 today.
The rise pushed the token near its long-term top at $0.357, which has been in place mostly since early March.
Looking at the chart, it appears that the rally coincided with the RSI moving into a resistance area of its own.
At time of writing, the index sits at 52.31, which is marginally below the previously mentioned ceiling at 53.00.
If a rupture occurs, it is likely that ADA it will move closer to the $0.370 mark.
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