XRP Climbs to 3-Week High, DOGE Almost 10% Higher – Market Updates Bitcoin News

XRP Climbs to 3-Week High, DOGE Almost 10% Higher – Market Updates Bitcoin News

Xrp rose to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token rose to its highest level since early November, as prices rose for a fifth consecutive session. Dogecoin also hit a multi-week high, rising nearly 10% today.

XRP, formerly known as ripple, rose for a fifth straight session on Friday, with the token rallying to a three-week high.

After a low of $0.3792 on Thursday, XRP/USD rose to an intraday high of $0.4169 earlier today.

The move saw XRP climb to its highest point since November 8, when the token traded at $0.4667.

Biggest moves: XRP rises to 3-week high, DOGE nearly 10% higher
XRP/USD – Daily Chart

Looking at the chart, the bullish momentum intensified as the token broke out of a ceiling of $0.4050.

In addition to this, the 14-day relative strength index (RSI) has also risen, and is now hovering marginally below a resistance at the 50.00 level.

As a result, XRP has moved lower, with prices trading at $0.4039 at the time of writing.

Dogecoin (DOGE)

Dogecoin (DOGE) was another notable draw in today’s session, as the token also rose to a multi-week high.

DOGE/USD rose to a high of $0.09099, less than a day after prices traded to a low of $0.08089.

This price rally has pushed the meme coin to its strongest point since November 14, and comes after a breach of the $0.0870 ceiling.

Biggest moves: XRP rises to 3-week high, DOGE nearly 10% higher
DOGE/USD – Daily chart

Prices have since fallen from previous highs, which, like XRP above, are coming after a collision with a wall on the RSI indicator.

At the time of writing, the index follows at 51.22, which is marginally below a ceiling of 51.50.

Dogecoin is currently trading at $0.08749, which is about 8% higher than yesterday’s low.

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Do you expect dogecoin to extend recent gains through the weekend? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, a former brokerage director and retail educator. Currently, he serves as a commentator across various asset classes, including crypto, stocks and currencies.

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