{"id":31103,"date":"2022-10-05T17:53:08","date_gmt":"2022-10-05T17:53:08","guid":{"rendered":"http:\/\/egrowonline.com\/?p=31103"},"modified":"2022-10-05T17:53:08","modified_gmt":"2022-10-05T17:53:08","slug":"doge-xrp-hit-highest-point-since-late-september-market-updates-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=31103","title":{"rendered":"DOGE, XRP Hit Highest Point Since Late September \u2013 Market Updates Bitcoin News"},"content":{"rendered":"


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Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high.<\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) was one of today\u2019s notable movers, as the meme coin hit its highest level in over a week.<\/p>\n

Following a low of $0.0606 on Tuesday, DOGE\/USD rallied to an intraday high of $0.06646 earlier today.<\/p>\n

The move saw the token continue to trade above a resistance level of $0.0640, hitting its strongest point since September 24.<\/p>\n

\"Biggest<\/a>
DOGE\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, it can be seen that prices have declined, which came as the 14-day relative strength index (RSI) hit a resistance point of 60.00.<\/p>\n

This collision has since prompted traders to exit previous positions, securing earlier profits in the process.<\/p>\n

The memecoin continues to trade above its $0.0640 level, with the 10-day (red) moving average also trending upwards, which could be a sign of further gains to come.<\/p>\n

Another relatively big mover on hump day was XRP<\/a>, which also rose close to a one-week high in today\u2019s session.<\/p>\n

XRP<\/a>\/USD hit a high of $0.4938 earlier, which came as prices of the token rose for a third consecutive day.<\/p>\n

This rise in price saw XRP<\/a> hit its highest point since September 30, and it moved closer to a key resistance level in the process.<\/p>\n

\"Biggest<\/a>
XRP<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, the token edged closer to this $0.510 mark, which hasn\u2019t been hit since September 25.<\/p>\n

As of writing, earlier gains have somewhat faded, which comes as the RSI looks set to hit a ceiling of 62.00.<\/p>\n

Should the index move past this point, then there is a strong possibility that XRP<\/a> will continue to climb higher.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

How high do you believe XRP<\/a> can climb this month? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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