Xrp rose for a second consecutive session on Wednesday, as the token continued to move away from a recent price floor. Since hitting an eleven-month high a week ago, the token has mostly consolidated. Avalanche was also in the green, as prices hit a one-week high.

XRP, formerly ripple, was a notable gainer in today’s session, as prices continued to move away from a recent support point.

Following a low of $0.4972 on Tuesday, XRP/USD raced to an intraday high of $0.5256 earlier in today’s session.

This came as bulls continued to move away from a floor at $0.49500, following a breakout earlier in the week.

Looking at the chart, it appears that this took place as the 14-day relative strength index (RSI) bounced from a support of its own at 59.00 .

At the time of writing, the index is tracking at 61.24, with the next visible ceiling at the 63.00 mark.

As a result of this upcoming hurdle, earlier bulls have already moved to liquidate gains, with Go to Source to See Full Article
Author: Eliman Dambell

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