The Secret Times, Crypto, Bitcoin, Business News.
Worldwide Financial Analysis, Economics, cryptocurrency, Bitcoin, Forex, Technical Analysis, Digital Asset, Money, Stock Market, Block chain, indices

Largest Movers: DOGE, XRP Hit Highest Level 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.

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.

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.

Register your email here to get weekly price analysis updates sent to your inbox:

How high do you believe XRP can climb this month? Let us know your thoughts in the comments.

Get real time updates directly on you device, subscribe now.

Comments are closed.

YOUR CART
//
Your cart is currently empty.
0
//