XRP Surges by 8% to Reach Highest Level Since August
XRP, formerly known as ripple, experienced a strong surge on Tuesday, with the token rising by as much as 8% in today’s session. Starting the week at a low of $0.5634, XRP/USD climbed to an intraday high of $0.6127 earlier today. As a result, it reached its highest level since August 15.
Today’s upward movement marks the third consecutive day of gains for XRP, bringing it closer to a resistance zone at $0.6400. The relative strength index (RSI) has broken through a resistance point of 73.00 and currently sits at 75.08. To reach the next resistance level, the RSI will likely need to surpass 80.00.
Toncoin (TON) Rises to One-Month High
Toncoin (TON) also experienced notable gains on Tuesday, reaching its highest point in a month. TON/USD hit a high of $2.23 during the day, following a low of $2.09 the previous day. This surge brings Toncoin to its highest level since September 28 when its price was above $2.30.
The recent gains have pushed the price strength above a ceiling at 59.00, with the index currently tracking at 61.62. The next visible resistance point is at 71.00, and if this level is reached, there is a good chance that TON will move towards $2.60.
Hot Take: XRP and Toncoin Gain Momentum
XRP and Toncoin both saw significant gains on Tuesday, with XRP surging by 8% and Toncoin climbing to a one-month high. XRP reached its highest level since August, bringing it closer to a key resistance zone. Toncoin’s rise pushed it to its highest point in over a month.
The upward momentum for both cryptocurrencies is evident in their respective charts, with XRP’s RSI breaking through a resistance point and Toncoin’s price strength surpassing a ceiling. These gains suggest that both XRP and Toncoin may continue their positive trajectory in the near future.
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