Jump to content

Biggest Movers: XRP Hits 6-Week High, SOL Collides With Key Resistance Level

Recommended Posts


XRP rallied to a six-week high in today’s session, as the token extended a recent bull run to a sixth day. Prices have risen by as much as 10% in that period, with the latest surge sending the cryptocurrency above $0.50. Solana was also higher, hitting a multi-week high of its own.


XRP, formerly known as ripple, was one of the biggest movers in cryptocurrency markets on Tuesday, as it rose above $0.50.

XRP/USD raced to a peak of $0.5049 earlier in today’s session, after starting the week trading at a low of $0.4779.

As a result of this surge, the token moved to its strongest point since April 19, when it hit a high of $0.5390.

Today’s rally has also led to the 14-day relative strength index (RSI) hitting its highest reading since March 31.

At the time of writing, the index is tracking at 67.55, which is marginally below a ceiling of 68.00.

In the event this upcoming ceiling is broken, there is a reasonable chance that XRP moves closer to March’s high.

Solana (SOL)

Solana (SOL) was also in the green, as it moved close to a key resistance level of $21.50.

After trading at a low of $20.30 during Monday’s session, SOL/USD bulls took the token to a high of $21.37 today.

This surge saw SOL hit its highest level since May 8, when the token was trading above $21.80.

Following recent gains, solana is now trading 7% higher than at the same point last week, with today’s rally sending the RSI to a ceiling at 55.00.

As of writing, the index is hovering marginally below this point, which has resulted in a drop from today’s peak.

Bulls will firstly need to overcome the ceiling at 55.00, and should they achieve this, SOL will likely move above $22.00.

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

Do you expect a breakout in the coming days? Let us know your thoughts in the comments.

View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...