Fun

Biggest Movers: XRP Rebounds on Friday, Nearing Recent Highs 

News Feed - 2022-10-01 12:10:20

Biggest Movers: XRP Rebounds on Friday, Nearing Recent Highs 


Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. 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


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


Following a low of $0.4285 on Thursday, XRP/USD rallied to an intraday peak of $0.503 earlier in the day.


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


As can be seen from the chart, earlier gains have somewhat eased, as the relative strength index (RSI) collided with a ceiling.


The index is currently tracking at 63.81, which is marginally lower than the aforementioned resistance point 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. UNUS SED LEO (LEO)


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


LEO/USD raced to an intraday peak of $4.69 on Friday, which comes less than a day after hitting a low of $4.18.


Today’s rally comes as LEO bounces from a key support point of $4.05. The token is now moving close to a ceiling of $4.80. LEO/USD – Daily Chart


In addition to bouncing off the price floor, another reason for the rally was the 14-day RSI breaking out of a ceiling of its own.


The index moved past its resistance of 48.90, and as of writing, is tracking at a mark of 50.96.


Should we see LEO collide with the $4.80 point, then it is likely that traders will move to secure gains, leading to a decline in prices.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Cryptocurrency, LEO, Unus Sed Leo, XRP


Do you expect UNUS SED LEO to climb and hit $4.80 this weekend? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate Ahead of US Consumer Sentiment Data MARKET UPDATES | 11 hours ago Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleThe GMT Token Launches New ‘Greedy Machines’ NFT Series Next articleGermany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand"


Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies The United States Department of Justice (DOJ) says it has seized
Moxy․io Introduces the ‘Play and Earn’ Concept Ahead of Moxy Club Pre-Launch
Moxy․io Introduces the ‘Play and Earn’ Concept Ahead of Moxy Club Pre-Launch press release PRESS RELEASE.The Moxy.io team has built a team consisting of several veterans from
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort press release PRE
Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI
Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI Authorities in the Netherlands have arrested a Russian national with a cryptocurrency busine
Tom Mitchelhill7 hours agoSolana jumps 20% as Cathie Wood lauds its speed and cost over EthereumSolana has drastically outperformed other major crypto assets, gaining nearly 200% in the last month.5862 Total views10 Tota
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation The Iranian government has adopted bitcoin for international tr
Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Medici LA 22: Report Investigates a Secret, Invitation-Only Crypto Event Held in Beverly Hills
Medici LA 22: Report Investigates a Secret, Invitation-Only Crypto Event Held in Beverly Hills According to a recent report, a secretly held, invitation-only crypto gala took place
Ethereum to launch first $2M protocol-wide ‘Attackathon’
Jesse Coghlan6 hours agoEthereum to launch first $2M protocol-wide ‘Attackathon’Ethereum’s security team is planning a four-week hackathon to test the blockchain’s security and wants to do one for every future ha
Ex-Official Trolls Libra, Says China Likely to Issue Digital Currency First
A former high-ranking Congressional official said China’s central bank is likely to be the first to issue its own national digital currency, as he contended that Libra was doomed to fail.
Paradigm leads $20M funding round for Ellipsis Labs’ DeFi expansion
Amaka Nwaokocha1 hour agoParadigm leads $20M funding round for Ellipsis Labs’ DeFi expansionEllipsis Labs will use the new funding to accelerate the progress of DeFi up and down the stack.175 Total views1 Total sharesL
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law i