Atom reaches 2-month high, while XRP is expanding the latest profits-market tactualizations

Cosmos recovered on Thursday to a two -month high when the cryptocurrency prices recovered after the decline on Wednesday. In today's session, XRP was also largely in the green area and expanded the latest profits. The global crypto market capitalization is traded by 0.17 % higher at the time of writing.

Kosmos ( atom )

kosmos ( atom ) on Wednesday raced to a two-month high when the token has climbed since November.

after a low of 11.10 $ atom /USD in today's session at a maximum of $ 11.44 $

As a result of this latest price increase, the cosmos has reached its highest level since November 12th.

If you look at the chart, today's rally took place when the 14-day relative strength index (RSI) penetrated into the overbought area.

In addition, the 10-day (red) sliding average (MA) continued its upward trend compared to the 25-day (blue) MA.

The mood could soon change because the bears are trying to step back into the market, since the RSI is now pursuing a level that has not been reached since last January.

xrp (formerly ripple) was another big movement in today's session and extended the recent winnings to a fourth day in a row.

So far on Thursday, xrp /USD has risen to an intraday high of $ 0.3691, which is less than one day after reaching one Lows of $ 0.348.

After this rally, XRP approached a four-week high when the prices reached its highest level since December 16th.

This recent price increase comes when the RSI went beyond a resistance point at 57.00 and currently runs at 59.41.

As a result of this movement, the sliding 10-day average (red) is now close to a crossover with its 25-day counterpart (blue).

If this upward crosses, this is probably xrp will continue towards its long-term target of $ 0.40 $

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Do you expect XRP to move closer to $ 0.40 this week? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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