Xrp hit a three-week high on Friday, breaking a long-standing resistance level in the process. The token rose to its highest level since early November when prices rose for a fifth consecutive session. Dogecoin also hit a multi-week high, rising nearly 10% today.
XRP, formerly known as Ripple, surged for a fifth straight session on Friday as the token soared 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, bullish momentum increased as the token broke out of a $0.4050 ceiling.
In addition, the 14-day relative strength index (RSI) has also risen and is now hovering slightly below a resistance at the 50.00 level.
As a result, XRP has moved lower, with the price trading at $0.4039 at the time of writing.
Dogecoin (DOGE) was another notable mover in today’s session as the token also surged to a multi-week high.
DOGE/USD rose to a high of $0.09099, less than a day after prices traded as low as $0.08089.
This price increase has pushed the meme coin to its strongest point since Nov. 14 and comes after breaking the $0.0870 ceiling.
Prices have since fallen from previous highs, which, like XRP above, come after colliding with a wall on the RSI indicator.
At the time of writing, the index is tracking at 51.22, which is slightly below the ceiling of 51.50.
Currently, dogecoin is trading at $0.08749, which is about 8% higher than yesterday’s low.
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