DOGE, XRP Hit Highest Point Since Late September – Market Updates Bitcoin News

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.

Biggest Movers: DOGE, XRP Hit Highest Point Since Late September
DOGE/USD – Daily Chart

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.

Biggest Movers: DOGE, XRP Hit Highest Point Since Late September
XRP/USD – Daily Chart

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.

Get weekly price analysis emails sent straight to your inbox by registering your email

What is the highest XRP could climb in a month? We’d love to hear your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has previously been a broker director and retail trade educator. He currently acts as an analyst for various asset types, such as Crypto, Stocks, FX.

Images CreditsShutterstock. Pixabay. Wiki Commons

DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. doesn’t offer investment, tax or legal advice. The author and the company are not responsible for any loss or damage caused by the content or use of any goods, services, or information mentioned in the article.

Get more Crypto News at CFX Magazine