Xrp rose almost 10% on Friday as the token edged closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing as much as 12% in today’s session.
XRP rose more than 10% during today’s session as prices approached a multi-month high.
After a low of $0.4285 on Thursday, XRP/USD rebounded to hit an intraday high 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.
As the chart shows, earlier gains have eased somewhat as the Relative Strength Index (RSI) has bottomed out.
The index is currently trailing at 63.81, which is slightly below the aforementioned resistance point of 65.00.
If the XRP bulls attempt to regain last week’s high, a breakout of the RSI ceiling will have to take place.
UNUS SED LEO (LEO)
Another notable mover in today’s session was UNUS SED LEO (LEO), which is trading up to 12% higher.
LEO/USD hit an intraday high of $4.69 on Friday, less than a day after hitting a low of $4.18.
Today’s rally comes as LEO rebounds from a key support point of $4.05. The token is now approaching a high of $4.80.
Besides bouncing off the price floor, another reason for the rally was that the 14-day RSI broke above its own ceiling.
The index broke through its resistance at 48.90 and at the time of writing is at 50.96.
Should we see LEO collide with the $4.80 point, it is likely that traders will move to secure gains, driving prices lower.
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Do you expect UNUS SED LEO to climb and hit $4.80 this weekend? Let us know your thoughts in the comments.
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