• XRP rose to a fresh five-month high on Tuesday, extending its recent winning streak.
• Monero (XMR) was a notable token to fall, dropping to a five-day low.
• The 14-day relative strength index (RSI) moved above resistance at 69.00 and close to a seven-month high at 74.00 for XRP.
Rise of XRP
XRP rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite the crypto market consolidation that has been taking place in the broader market. The global market cap is down 2.35% as of writing.
XRP/USD Price Movements
XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573. As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process. Looking at the chart, the 14-day relative strength index (RSI) moved above resistance at 69.00 and close to a seven-month high at 74.00 in the process..
During today’s red wave, monero (XMR) was one of the tokens that fell sharply as prices dropped to their lowest level within the past five days – going from $163.98 down towards $149 .85 during this session which resulted in it falling by 7%. This drop has taken it closer to long term support around $146 .00 over recent weeks and months .
The RSI also took somewhat of s dip here , hitting 49 .00 before bulls managed t o push it back up again – currently tracking around 50 .08 with price away from earlier lows . Monero is currently trading around $154 .03 with potential movement towards ceiling around $156 . 00 still possible according t o current price movements .
Despite these losses across cryptocurrency markets , XRP continues t o be one of the biggest movers over recent sessions , hitting 5 month highs and 4 day win streaks even though other tokens have been struggling across crypto markets more generally today .
Overall , despite some losses being seen across cryptocurrency markets today , XR P continues t o prove resilient against such drops and is still showing signs of growth despite broader declines elsewhere in crypto markets today .