Biggest Movers: XRP Extends Bull Run, Jumping 5% on Thursday

0 7

knife

Xrp rose for a fifth straight session on Thursday, as the token moved close to a two-week high. The rise comes as cryptocurrencies rebounded from recent losses, with the global market cap up 1.38% as of writing. Cardano also surged, hitting an 11-day peak.

XRP

Xrp, formerly ripple, was once again a big mover in cryptocurrency markets, climbing by as much as 5% on Thursday.

Following a low of $0.4389 on Wednesday, XRP/USD rose to a peak of $0.4713 earlier in today’s session.

As a result of this surge, the token moved to its strongest point since April 30, when price was above $0.4800.

From the chart, it appears that this latest rise comes as the relative strength index (RSI) moved beyond a key resistance level at 55.00.

At the time of writing, price strength is at the 55.71 mark, with the next visible ceiling at the 61.00 point.

If bulls were to take the RSI to this point, there is a good chance that XRP could recapture the $0.4800 level.

Cardano (ADA)

In addition to XRP, cardano (ADA) also rose significantly, hitting an 11-day high in today’s session.

ADA/USD jumped to an intraday high of $0.3798 earlier today, which follows on from Wednesday’s low at $0.3658.

This has resulted in the token climbing for a third consecutive day, reaching its strongest level since May 7.

Overall, cardano is up by as much as 7% in the past week, this coming as the 10-day (red) moving average begins to gain momentum.

Should the trend line continue to climb in its current direction, a crossover with its 25-day (blue) counterpart is highly likely.

For this to happen the RSI will need to break out of a ceiling at 47.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect cardano to climb higher this week? Let us know your thoughts in the comments.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 70,806.97
ethereum
Ethereum (ETH) $ 3,566.43
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 582.21
solana
Solana (SOL) $ 188.19
xrp
XRP (XRP) $ 0.628306
staked-ether
Lido Staked Ether (STETH) $ 3,556.08
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.220648
cardano
Cardano (ADA) $ 0.651696
avalanche-2
Avalanche (AVAX) $ 54.77
shiba-inu
Shiba Inu (SHIB) $ 0.000032
the-open-network
Toncoin (TON) $ 4.89
polkadot
Polkadot (DOT) $ 9.55
bitcoin-cash
Bitcoin Cash (BCH) $ 578.52
chainlink
Chainlink (LINK) $ 19.20
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 70,796.97
tron
TRON (TRX) $ 0.120415
uniswap
Uniswap (UNI) $ 12.80
matic-network
Polygon (MATIC) $ 1.00
internet-computer
Internet Computer (ICP) $ 17.67
near
NEAR Protocol (NEAR) $ 7.21
litecoin
Litecoin (LTC) $ 93.90
aptos
Aptos (APT) $ 17.01
leo-token
LEO Token (LEO) $ 6.06
blockstack
Stacks (STX) $ 3.46
filecoin
Filecoin (FIL) $ 9.35
dai
Dai (DAI) $ 0.99872
cosmos
Cosmos Hub (ATOM) $ 12.31
ethereum-classic
Ethereum Classic (ETC) $ 32.62
arbitrum
Arbitrum (ARB) $ 1.69
render-token
Render (RNDR) $ 11.24
immutable-x
Immutable (IMX) $ 2.97
crypto-com-chain
Cronos (CRO) $ 0.155789
stellar
Stellar (XLM) $ 0.138026
mantle
Mantle (MNT) $ 1.22
hedera-hashgraph
Hedera (HBAR) $ 0.116276
the-graph
The Graph (GRT) $ 0.412328
dogwifcoin
dogwifhat (WIF) $ 3.85
okb
OKB (OKB) $ 63.15
optimism
Optimism (OP) $ 3.73
bittensor
Bittensor (TAO) $ 540.58
fetch-ai
Fetch.ai (FET) $ 3.33
vechain
VeChain (VET) $ 0.047429
pepe
Pepe (PEPE) $ 0.000008
injective-protocol
Injective (INJ) $ 38.17
maker
Maker (MKR) $ 3,591.29
kaspa
Kaspa (KAS) $ 0.139731
thorchain
THORChain (RUNE) $ 9.35
theta-token
Theta Network (THETA) $ 2.95
fantom
Fantom (FTM) $ 1.00
arweave
Arweave (AR) $ 41.85
lido-dao
Lido DAO (LDO) $ 2.91
first-digital-usd
First Digital USD (FDUSD) $ 0.999891
gala
GALA (GALA) $ 0.0673
sui
Sui (SUI) $ 2.01
floki
FLOKI (FLOKI) $ 0.000254
monero
Monero (XMR) $ 136.01
celestia
Celestia (TIA) $ 14.14
sei-network
Sei (SEI) $ 0.866055
algorand
Algorand (ALGO) $ 0.272801
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,929.07
flow
Flow (FLOW) $ 1.40
quant-network
Quant (QNT) $ 138.93
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,657.29
beam-2
Beam (BEAM) $ 0.036103
aave
Aave (AAVE) $ 127.15
bonk
Bonk (BONK) $ 0.000028
conflux-token
Conflux (CFX) $ 0.481883
bitcoin-sv
Bitcoin SV (BSV) $ 92.91
singularitynet
SingularityNET (AGIX) $ 1.41
wrapped-eeth
Wrapped eETH (WEETH) $ 3,686.90
jupiter-exchange-solana
Jupiter (JUP) $ 1.29
starknet
Starknet (STRK) $ 2.28
elrond-erd-2
MultiversX (EGLD) $ 61.26
dydx-chain
dYdX (DYDX) $ 3.48
havven
Synthetix Network (SNX) $ 4.94
axie-infinity
Axie Infinity (AXS) $ 11.23
the-sandbox
The Sandbox (SAND) $ 0.694265
ribbon-finance
Ribbon Finance (RBN) $ 1.63
bittorrent
BitTorrent (BTT) $ 0.000002
bitget-token
Bitget Token (BGB) $ 1.05
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,559.98
ethena-usde
Ethena USDe (USDE) $ 1.00
worldcoin-wld
Worldcoin (WLD) $ 8.44
tezos
Tezos (XTZ) $ 1.40
mina-protocol
Mina Protocol (MINA) $ 1.26
pyth-network
Pyth Network (PYTH) $ 0.906191
ondo-finance
Ondo (ONDO) $ 0.913482
flare-networks
Flare (FLR) $ 0.035659
ordinals
ORDI (ORDI) $ 62.52
ecash
eCash (XEC) $ 0.000067
axelar
Axelar (AXL) $ 2.11
chiliz
Chiliz (CHZ) $ 0.144763
ronin
Ronin (RON) $ 4.20
apecoin
ApeCoin (APE) $ 2.04
decentraland
Decentraland (MANA) $ 0.677183
gatechain-token
Gate (GT) $ 9.43
eos
EOS (EOS) $ 1.10
akash-network
Akash Network (AKT) $ 5.32