Biggest Movers: XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday
XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday.
XRP
Bullish pressure in XRP intensified on Friday, as prices rose to their highest point in over a week during today’s session.
Today’s surge saw XRP/USD rally to an intraday high of $0.3847, which is its highest point since June 11.
Overall, prices are currently 13.6% higher than Thursday’s low of $0.3244, and this comes after a marginal breakout of a key price ceiling.
This resistance point was at the $0.3800 mark, and was broken as short-term momentum continued to move upwards.
Looking at the chart, the moving average of 10 days (red) confirms this shift in direction, with the trend now heading higher.
In addition to this, the 14-day RSI is tracking at its highest point in over three months, after hitting a high of 50.71 earlier today.
However, this point is also a resistance level, which is why earlier gains have somewhat eased, as some bulls likely liquidated positions.
AVAX was another notable mover to end the week, as prices moved close to a key mark of $20 on Friday.
Following a slow start to the week that saw AVAX/USD hit an all-time low of $13.53, prices rose to a peak of $19.97 earlier today.
This move saw prices rise by as much as 13% in the day, with bulls attempting to break out of the current ceiling.
Despite this rise in bullish pressure, the resistance of $20 has so far held firm in today’s session, with prices now trading at $19.29 as of writing.
One reason for this might be that we have also seen the Relative Strength Index hit a ceiling of its own.
As a result of this, we may not see enough bulls re-enter the market to help lead a breakout of the $20 level.
Do you expect AVAX to break out of this resistance this weekend? Let us know your thoughts in the comments.
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitfinex ETH longs climb to their highest level in over four years
The surge in Bitfinex ETH longs suggests heightened market optimism, but it also raises the risk of a long squeeze if prices decli...
Bitcoin’s weekend rebound faces an $80,400 test after nearly $730 million in ETF outflows
Bitcoin traded near $82,900 in PerpFinder’s Oct. 10, 09:36 UTC snapshot, with traders watching whether the weekend rebound brings...
Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest in Binance’s ETHUSDT futures contract was 2.27% higher in ETH on Thursday, Oct. 8, over the last 48 hours,...
XRP ETFs extend a 13-week inflow streak as Bitcoin, Ethereum and Solana funds shed $1.25 billion
US-listed XRP ETFs extended their inflow streak to 13 weeks as Bitcoin, Ethereum and Solana funds suffered nearly $1.25 billion in...
XRP Price Prediction: Elliott Wave Setup Points to $3 as XRP Nears a Potential $2 Breakout
XRP Price Prediction: Elliott Wave Setup Points to $3 as XRP Nears a Potential $2 Breakout XRP is approaching a critical technical...
SUI rallies approximately 54% in four weeks, outpacing Bitcoin and Ether
SUI's surge highlights the potential for emerging tokens to outperform established cryptocurrencies, impacting investor strategies...