XRP Hits 1-Week High, as NEAR Falls Again – Market Updates Bitcoin News

It was XRP that was the biggest gainer during a volatile trading session. The stock rose to an all-time high of one week. NEAR dropped by almost 10% last Friday, even though ripple was rising.

While crypto markets were mainly in the red, XRP was one of Friday’s biggest gainers, climbing by as much as 9%.

After a session low of $0.7106, the XRP/USD gained to $0.7937 in the intraday.

Today’s high comes after four consecutive days of gains, which have taken XRP to its highest point since April 6.

This week’s run began after a false breakout of the support level at $0.7115, and has now come close to hitting resistance at $0.8000.

The chart shows that passing the point might prove difficult, since the 14-day RSI indicator hovers below its ceiling.

This level of 50 hasn’t been broken in almost two weeks, and should bulls look to move beyond $0.8000, price strength would need to increase.

NEAR Protocol

NEAR fell for a second consecutive session on Friday, as price uncertainty continues, following last week’s surge to $20.

NEAR, which had reached that level four months ago, has dropped since then, and is now below $17, its key resistance level.

The resistance and support levels of $15 are currently holding prices steady, with today’s intraday low of $15.73.

Today’s drop in price has also pushed short-term momentum lower, with NEAR now down 15% since last Friday.

Following a breaking of the 58.65 floor on March 22, the 14-day RSI currently tracks at 56.02, its lowest point since March 22.

Bulls are likely to continue holding off on the current bullish momentum until $15 supports is reached. This could open up the possibility of further shorts.

In the coming days, could NEAR drop below $15? Please share your views with us in the comments.

Eliman Dambell

Eliman has a broad perspective on market analysis. He is a former brokerage director and retail trading teacher, and a market commentator for Crypto, Stocks and FX.