Biggest Movers: DOGE, XRP Hit 1-Week Highs, Despite Wednesday’s Crypto Red Wave

Greatest Movers: DOGE, XRP Hit 1-Week Highs, Regardless of Wednesday’s Crypto Purple Wave

By lordanime37, May 17, 2023

Biggest Movers: DOGE, XRP Hit 1-Week Highs, Despite Wednesday’s Crypto Red Wave

Dogecoin rose to a one-week excessive on Wednesday, regardless of cryptocurrency markets largely transferring decrease. As of writing, the worldwide crypto market cap is buying and selling almost 1% decrease. Xrp additionally surged, climbing by over 6% in at the moment’s session.

Dogecoin (DOGE)

Dogecoin (DOGE) was in a position to climb to a one-week excessive in at the moment’s session, regardless of markets largely trending decrease.

Following a low of $0.07177 on Tuesday, DOGE/USD raced to an intraday excessive of $0.07422 earlier within the day.

At present’s rally noticed dogecoin climb for a second straight session, which pushed the meme coin to its highest level since Might 8.

On account of the transfer, the 14-day relative power index (RSI) collided with a key resistance degree of 40.00.

Though the index has moved marginally above this level, and is presently monitoring at 40.40, DOGE has misplaced slight momentum.

The meme coin is now buying and selling at $0.073, which is comparatively decrease than at the moment’s earlier excessive.


One other notable gainer on Wednesday was XRP, previously ripple, which rose by as a lot as 6% at the moment.

XRP/USD rose to a peak at $0.4596 earlier within the day, which follows on from a low of $0.4202 throughout yesterday’s session.

This has resulted within the token climbing for a fourth consecutive day, reaching its strongest degree since Might 7.

Wanting on the chart, and just like DOGE, a collision has occurred on the RSI, with a failure to interrupt a wall at 48.00.

On the time of writing, value power is on the 47.33 mark, with the value now at $0.4457.

Ought to this level be damaged, there’s a good probability that XRP might be heading to a resistance of $0.48350.

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