Quant rose 10% on Saturday as the prices increased. With many anticipating a move toward $200, the move marks the token breaking out of a crucial resistance level. Xrp rose, extending its recent gains.
Quant (QNT)
Quant (QNT), which was trading at a record high, saw prices rise by up to 10% for the second consecutive day.
Within 24 hours of hitting $179.15 as the peak, the token soared to $193.75 intraday earlier today.
Today’s move sees QNT/USD break out of its recent resistance point of $185.00, with many now expecting prices to move back to $200.
However, some of the earlier gains are now somewhat less and, as at writing, it is trading at $182.97
The chart shows that the 14-day relative strengths index (RSI), is currently tracking at 60.88 after not moving past a ceiling at 65.00.
If the bulls can overcome this obstacle, we may see prices rise back to $200.00.
XRP was another notable player on Saturday, rising by more than 6% to begin the weekend.
XRP/USD rose to a high of $0.4668 on Saturday, which follows up from Friday’s low of $0.4418.
This move saw prices rebound from $0.4495 as a support level, and move away from the three-week low.
As you can see, the 14-day RSI has marginally broken out of the resistance of 49.00.
The index currently tracks at 50.03 which marks a return to bullish sentiment. This is the highest price point strength since Tuesday.
If bulls maintain their upward momentum, it is likely that the token previously known as ripple will move closer to $0.5000.
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Can xrp rise to $0.5000 before October ends? We’d love to hear your comments.
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