Monero jumped to a one-month high on Friday as general sentiment in the crypto markets remained largely unchanged. The global market capitalization is now trading 0.60% higher at the time of writing. Xrp was back in the red in today’s session as traders continued to lock in recent gains.
money (XMR)
money (XMR) has been one of today’s biggest gainers, with prices rising to a four-week high.
After a low of $152.16 on Thursday, XMR/USD reached a high of $163.10 earlier in the day.
As a result of the move, XMR It rose to its strongest point since February 20, when the token peaked at $168.70.
Looking at the chart, the move came as monero broke above a key resistance level at the $155.00 mark.
Earlier momentum has eased a bit, which comes as the 14-day RSI hit a top at 58.00
At the time of writing this article, the index stands at 58.84, with XMR marginally lower than its previous high. It is now trading at $160.65.
XRPpreviously ripple, extended dips on Friday as traders continued to take profits following recent highs.
XRP/USD fell to a low of $0.4246 in today’s session, coming a day after a high of $0.4536.
Today’s delivery arrives three days later XRP it peaked at $0.4940, which was its strongest point since last November.
This latest decline comes as the RSI dipped below a ceiling at the 64.00 mark, and now sits at 57.31.
Despite the slide in sentiment, the bulls rejected a break from the $0.4250 bottom, with XRP it is now trading at $0.4264.
There is likely another attempt to push prices below this mark, however if this support point holds there could be a reversal over the weekend.
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