Biggest Movers: XRP Rebounds on Friday, Nearing Recent Highs 

Biggest Movers: XRP Rebounds on Friday, Nearing Recent Highs 

Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% in today’s session. XRP

XRP was up by over 10% in today’s session, as prices moved closer towards a multi-month high.

Following a low of $0.4285 on Thursday, XRP/USD rallied to an intraday peak of $0.503 earlier in the day.

The move saw the token formerly known as ripple near last week’s high of $0.558, which was the strongest point since May. XRP/USD – Daily Chart

As can be seen from the chart, earlier gains have somewhat eased, as the relative strength index (RSI) collided with a ceiling.

The index is currently tracking at 63.81, which is marginally lower than the aforementioned resistance point of 65.00.

Should XRP bulls attempt to recapture last week’s high, then a breakout of the RSI ceiling will need to take place. UNUS SED LEO (LEO)

Another notable mover in today’s session was UNUS SED LEO (LEO), which trading by as much as 12% higher.

LEO/USD raced to an intraday peak of $4.69 on Friday, which comes less than a day after hitting a low of $4.18.

Today’s rally comes as LEO bounces from a key support point of $4.05. The token is now moving close to a ceiling of $4.80. LEO/USD – Daily Chart

In addition to bouncing off the price floor, another reason for the rally was the 14-day RSI breaking out of a ceiling of its own.

The index moved past its resistance of 48.90, and as of writing, is tracking at a mark of 50.96.

Should we see LEO collide with the $4.80 point, then it is likely that traders will move to secure gains, leading to a decline in prices.

Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Cryptocurrency, LEO, Unus Sed Leo, XRP

Do you expect UNUS SED LEO to climb and hit $4.80 this weekend? Let us know your thoughts in the comments. Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate Ahead of US Consumer Sentiment Data MARKET UPDATES | 11 hours ago Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains MARKET UPDATES | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleThe GMT Token Launches New ‘Greedy Machines’ NFT Series Next articleGermany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any 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 any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand"

Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin