Xrp rallied higher for the third session in a row on Wednesday, as prices hit a two-week high. The rise comes despite market sentiment remaining largely bearish, with global market capitalization trading 1.29% lower as of this writing. Shiba inu also climbed higher in today’s session.
XRPformerly Ripple, was once again a notable mover as prices rallied for the third session in a row on Wednesday.
XRP/USD hit an intraday high of $0.3952 today, which comes less than 24 hours after trading as low as $0.3729.
Following the rally, the token has now risen to its highest point since February 21 as it nears a ceiling of $0.40.
Looking at the chart, this comes as the 14-day Relative Strength Index (RSI) marginally broke above a ceiling at 57.00.
At time of writing, the index sits at 57.98, which is its strongest reading since early February.
Shiba Inu (SHIB)
Shiba inu (SHIB) jumped back into the green on Wednesday as prices re-entered a key support point.
Following a low of $0.00001065 on Tuesday, SHIB/USD hit a high of $0.00001132 earlier in the day.
The move sent the meme coin back above a price low of $0.00001100, following a breakout earlier in the week.
Overall, it looks like this rise in price comes as the RSI moved away from a recent bottom at 36.00.
At time of writing, the index stands at 39.63, with a ceiling at 42.00, a possible target for bulls.
For this rally to go from being short-lived to something more sustained, this ceiling will need to be broken.
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Could the shiba inu extend his gains for the rest of the week? Let us know your thoughts in the comments.
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