XRP Rebounds on Friday, Nearing Recent Highs  – Market Updates Bitcoin News

The token was close to its recent 4-month peak of XRP on Friday. Xrp rose by almost 10% The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% in today’s session.

XRP was up by over 10% in today’s session, as prices moved closer towards a multi-month high.

The intraday low was $0.4285 Thursday. XRP/USD rose to $0.503 on Thursday.

The move saw the token formerly known as ripple near last week’s high of $0.558, which was the strongest point since May.

XRP/USD – Daily Chart

The chart shows that earlier gains are beginning to recede as the relative strength indicator (RSI), collided with a limit.

The current tracking index stands at 63.81. That is just marginally below the resistance of 65.00.

Should XRP bulls attempt to recapture last week’s high, then a breakout of the RSI ceiling will need to take place.


Another notable mover in today’s session was UNUS SED LEO (LEO), which trading by as much as 12% higher.

LEO/USD crashed to $4.69 intraday on Friday. It is less than 24 hours after hitting $4.18 as the low.

Today’s rally comes as LEO bounces from a key support point of $4.05. The ceiling for the token at $4.80 is near.

LEO/USD – Daily Chart

Apart from the bounce off the price floor and the rally, there was another reason: the 14 day RSI broke through its own ceiling.

As of this writing, the index has moved beyond its resistance level of 48.90 and is currently tracking at 50.96.

If LEO and the $4.80 points collide, it’s likely traders will seek gains. This could lead to an increase in prices.

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What do you think UNUS SED LEO will rise to $4.80 next weekend? We’d love to hear your comments.

Eliman Dambell

Eliman has a unique perspective on market analysis. He was previously a retail trading teacher and brokerage director. He is currently a commentator on various asset classes including Crypto, Stocks, and FX.

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