XRP jumps to 3-month high because the cryptoma markets consolidate on Monday-market updates

XRP reached a high of several months on January 23 when market optimism in relation to a lawsuit between them increased Ripple and the United States Securities and Exchange Commission (sec). After comments from Ripple CEO Brad Garlinghouse last week, many bought the token in anticipation of the legal dispute in the coming months. Dogecoin was another remarkable winner on Monday.

xrp formerly ripple, was one of the remarkable winners on Monday when the token in today's session at a three-month high Stieg.

xrp /USD reached an intraday high of 0.431 $ after the Sunday start of 0.3979 had overcome.

Due to today's price increase xrp has reached its strongest point since November 8th.

If you look at the diagram, the movement took place after an outbreak over an upper limit with the resistance brand of $ 0.410.

At the time of writing, xrp is still being traded over this point, but earlier profits have now been released, although the price at 0.420 $ lies.

The dynamics have decreased and retailers seem to secure profits, since the 14-day relative strength index (RSI), which is 68.64, approaches an upper limit at 69.00

Dogecoins (Doge)

In addition to xrp dogecoin (doge), the meme coin hovers near an important one Resistance levels.

After a low of $ 0.0861 on Sunday, the Doge/USD raced to an intra-raday maximum of $ 0.09289

This increase caused Dogecoin to briefly broke out at $ 0.09200 and approached a six-week high.

As can be seen on the diagram, this outbreak with the meme was not maintained coin is now being traded below $ 0.09000.

One of the reasons for the decline in the afternoon is the fact that the price strength has come across its own hurdle.

The RSI is currently moving at 63.51, which is slightly below a upper limit with the 64.00 mark, and seems to have panicked earlier Haussiers.

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Do you expect Dogecoin to cross this level of resistance 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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