Dogecoin trades near the highest level since mid-September, with prices rising for a second day. This rally follows a breakout Tuesday, when the meme coin traded above a crucial resistance level. Xrp also traded in green today and was trading at a close 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.
Doge/USD rose to $0.06646 intraday after a low Tuesday of $0.0606.
This move allowed the token to trade at $0.0640 above resistance, making it its highest point since September 24, 2018.
You can see that the prices fell as the 14 day relative strength index (RSI), hit a resistance of 60.00.
Since then, traders have been forced to close their positions in order to make earlier profit.
The memcoin is trading above the $0.0640 mark, while the 10-day (red-colored) moving average continues its upward trend, which may indicate that further gains are possible.
Another relatively big mover on hump day was XRP, which also rose close to a one-week high in today’s session.
As prices for the token rose on a third day, XRP/USD had reached $0.4938.
This price increase saw XRP rise to its highest point since September 30th and moved closer toward a critical resistance level.
Looking at the chart, the token edged closer to this $0.510 mark, which hasn’t been hit since September 25.
As we write, the RSI has lost some of its earlier gains. This is a good sign as it looks like it will hit 62.00.
If the index moves beyond this point, there’s a good chance that XRP will climb further.
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Images CreditsShutterstock. Pixabay. Wiki Commons
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