The crypto asset xrp rose by as much as 5% on Saturday, following declines of a similar amount during yesterday’s session. This comes despite the global crypto market cap moving lower, falling by 0.51% at the time of writing. Litecoin was also higher to start the weekend.

XRP, formerly ripple, was back in the green on Saturday, as the token rebounded from Friday’s losses.

Following a low of $0.418, XRP/USD raced to an intraday high of $0.4501 earlier in today’s session.

The move came as bullish momentum increased at the price floor of $0.4250, after bears failed to sustain an earlier breakout.

From the chart, it appears that the rebound took place as the relative strength index (RSI) moved away from its own support, at 58.00

As of writing, the index is tracking at 60.77, and seems to be heading towards a ceiling at the 63.00 mark.

The 10-day (red) moving average has also extended its upward cross versus its 25-day (bl

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Author: Eliman Dambell

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