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

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

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.

Biggest Gainers: XRP climbs to 3-week high, DOGE up nearly 10%
XRP/USD – Daily chart

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)

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.

Biggest Gainers: XRP climbs to 3-week high, DOGE up nearly 10%
DOGE/USD – Daily chart

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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Do you expect dogecoin to extend its recent gains over the weekend? Let us know your opinion in the comments.

Eliman Dambel

Eliman brings an eclectic take on market analysis, having previously served as a real estate director and a retail lecturer. Currently, he acts as a commentator for various asset classes including Crypto, Stocks, and FX.

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