Xrp surged to a new five-month high on Tuesday as prices rallied for the fourth session in a row. The token moved to its highest point since November, which comes despite a red wave sweeping through the cryptocurrency markets. The global market capitalization is down 2.35% at the time of writing.
XRPformerly Ripple, rose for a fourth straight session on Monday, as prices hit their highest point in five months.
XRP/USD rose to an intraday high of $0.5029, less than 24 hours after falling to a low of $0.4573.
As a result of the move, XRP it hit its strongest point since Nov. 6, breaching a ceiling of $0.4950 in the process.
![Biggest Moves: XRP hits a new 5-month high on Tuesday, extending recent winning streak Biggest Moves: XRP hits a new 5-month high on Tuesday, extending recent winning streak](https://technicalterrence.com/wp-content/uploads/2023/03/Biggest-Moves-XRP-Hits-New-5-Month-High-Tuesday-Extending-Recent.png)
Looking at the chart, the 14-day RSI moved to a one-week high, with a current reading of 68.87.
This is marginally below resistance at 69.00 and near a recent seven-month high of 74.00.
Previous earnings in XRP they have already started to unwind, with the bulls seemingly locking in gains around this ceiling.
money (XMR)
During today’s red wave, monero (XMR) was a notable sign of decline, as prices moved to a five-day low.
After a maximum of $163.98 to start the week, XMR/USD fell to a low of $149.85 earlier in today’s session.
The drop sends Monero down as much as 7%, approaching a long-term support point at $146.00 in the process.
![Biggest Moves: XRP hits a new 5-month high on Tuesday, extending recent winning streak Biggest Moves: XRP hits a new 5-month high on Tuesday, extending recent winning streak](https://technicalterrence.com/wp-content/uploads/2023/03/1680022674_925_Biggest-Moves-XRP-Hits-New-5-Month-High-Tuesday-Extending-Recent.png)
While the price has yet to reach this floor, the RSI did hit a support point of its own at the 49.00 mark.
Since then, the bulls have pushed the index higher, with price strength now at 50.08, which comes as XMR moved away from previous lows.
Monero is currently tracking $154.03, with a move to a top at $156.00 a strong possibility.
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