Xrp climbed to its highest level since last May, as bullish sentiment returned to cryptocurrency markets. The token rose by as much as 17% in Wednesday’s session, with the global market cap over 5% higher. Cardano also rallied, rising by over 11%.

XRP maintained its bull run on Wednesday, as prices rose by as much as 17% in today’s session.

Following a fall to a low of $0.4866 on Tuesday, XRP/USD raced to an intraday high of $0.5804 earlier in today’s session.

As a result of the move, XRP hit its strongest point since May 9, breaking out of a long-term ceiling at $0.5550 in the process.

The surge came as the 14-day relative strength index (RSI) also broke free of a recent ceiling at the 70.00 mark.

At the time of writing, the index is now tracking marginally below yet another point of resistance, this time at the 75.00 mark.

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Author: Eliman Dambell

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