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.
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) 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.
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.
Register your email here to get weekly price analysis updates delivered to your inbox:
Do you expect dogecoin to extend recent gains through the weekend? Let us know your thoughts in the comments.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of 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 content, goods or services mentioned in this article.