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Biggest Movers: XRP Rebounds on Friday, Following Recent Decline

2M ago
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Biggest Movers: XRP Rebounds on Friday, Following Recent Decline

After being the victim of a red wave on Thursday, XRP rebounded in today’s session, as crypto bulls remained resilient. The global market cap is up by 0.40% at the time of writing, following a 2% drop yesterday. Stellar was another strong mover on Friday, and is currently up 2.25%

XRP

XRP was back in the green on Friday, after bulls abruptly ended a three-day win streak during yesterday’s session.

Following a low at $0.5025 on Thursday, XRP/USD moved to a peak at $0.5134 earlier in the day.

The surge saw XRP, formerly ripple, once again make strides towards a key resistance level at $0.5450.

From the chart, it appears that the rebound came as the relative strength index (RSI) climbed back above a ceiling at 47.00.

At present, price strength is now sitting at 48.72, with the next visible ceiling near the 54.00 region.

In the event this target is hit, there is a strong likelihood that XRP moves above $0.5400.

Stellar (XLM)

Stellar (XLM) was also in the green in today’s session, after two consecutive days of price declines.

XLM/USD peaked at $0.1154 earlier in the day, which comes less than 24 hours after falling to a low of $0.1122.

As a result of the decline, bulls continued to push the token away from a recent floor at $0.1100, and back on course toward resistance at $0.1320.

Today’s rebound was helped by the RSI reaching a floor of its own at 37.00, and it is now tracking at 39.87.

A ceiling at 44.00 now awaits bulls, and could be the main hurdle preventing further gains this weekend.

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Where will stellar end this weekend? Let us know your thoughts in the comments.

2M ago
bullish:

2

bearish:

0

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