news.bitcoin.com
Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing.
$XRP
$XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months.
$XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573.
As a result of the move, $XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process.
Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87.
This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00.
Earlier gains in $XRP have already begun to ease, with bulls seemingly securing gains around this ceiling.
Monero ($XMR)
During today’s red wave, monero ($XMR) was a notable token to fall, as prices moved to a five-day low.
Following a high of $163.98 to start the week, $XMR/USD slipped to a bottom at $149.85 earlier in today’s session.
The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146.00 in the process.
Whilst price has yet to reach this floor, the RSI collided with a support point of its own at the 49.00 mark.
Bulls have since pushed the index higher, with price strength now tracking at 50.08, which comes as $XMR moved away from earlier lows.
Currently, monero is tracking at $154.03, with a move towards a ceiling at $156.00 a strong possibility.