Biggest Movers: DOGE, XRP Hit Highest Point Since Late September
Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high. Dogecoin (DOGE)
Dogecoin (DOGE) was one of today’s notable movers, as the meme coin hit its highest level in over a week.
Following a low of $0.0606 on Tuesday, DOGE/USD rallied to an intraday high of $0.06646 earlier today.
The move saw the token continue to trade above a resistance level of $0.0640, hitting its strongest point since September 24. DOGE/USD – Daily Chart
Looking at the chart, it can be seen that prices have declined, which came as the 14-day relative strength index (RSI) hit a resistance point of 60.00.
This collision has since prompted traders to exit previous positions, securing earlier profits in the process.
The memecoin continues to trade above its $0.0640 level, with the 10-day (red) moving average also trending upwards, which could be a sign of further gains to come. XRP
Another relatively big mover on hump day was XRP, which also rose close to a one-week high in today’s session.
XRP/USD hit a high of $0.4938 earlier, which came as prices of the token rose for a third consecutive day.
This rise in price saw XRP hit its highest point since September 30, and it moved closer to a key resistance level in the process. XRP/USD – Daily Chart
Looking at the chart, the token edged closer to this $0.510 mark, which hasn’t been hit since September 25.
As of writing, earlier gains have somewhat faded, which comes as the RSI looks set to hit a ceiling of 62.00.
Should the index move past this point, then there is a strong possibility that XRP will continue to climb higher.
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How high do you believe XRP can climb this month? 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. Bitcoin, Ethereum Technical Analysis: BTC Climbs to 2-Week High MARKET UPDATES | 11 hours ago Biggest Movers: MATIC Hits 3-Week High, LINK up Almost 10% MARKET UPDATES | 1 day ago
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