{"id":19519,"date":"2023-04-05T15:57:43","date_gmt":"2023-04-05T15:57:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-rebounds-on-tuesday-as-avax-hits-1-week-high-market-updates-bitcoin-news\/"},"modified":"2023-04-05T15:57:43","modified_gmt":"2023-04-05T15:57:43","slug":"xrp-rebounds-on-tuesday-as-avax-hits-1-week-high-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-rebounds-on-tuesday-as-avax-hits-1-week-high-market-updates-bitcoin-news\/","title":{"rendered":"XRP Rebounds on Tuesday, as AVAX Hits 1-Week High \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Xrp rose for a second consecutive session on Wednesday, as the token continued to move away from a recent price floor. Since hitting an eleven-month high a week ago, the token has mostly consolidated. Avalanche was also in the green, as prices hit a one-week high.<\/strong><\/p>\n

XRP<\/a>, formerly ripple, was a notable gainer in today\u2019s session, as prices continued to move away from a recent support point.<\/p>\n

Following a low of $0.4972 on Tuesday, XRP<\/a>\/USD raced to an intraday high of $0.5256 earlier in today\u2019s session.<\/p>\n

This came as bulls continued to move away from a floor at $0.49500, following a breakout earlier in the week.<\/p>\n

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

Looking at the chart, it appears that this took place as the 14-day relative strength index (RSI) bounced from a support of its own at 59.00 .<\/p>\n

At the time of writing, the index is tracking at 61.24, with the next visible ceiling at the 63.00 mark.<\/p>\n

As a result of this upcoming hurdle, earlier bulls have already moved to liquidate gains, with XRP<\/a> now trading lower at $0.5137.<\/p>\n

Avalanche (AVAX)<\/h2>\n

Another notable gainer on Tuesday was avalanche (AVAX), which moved to a one-week high.<\/p>\n

AVAX\/USD moved to a peak at $18.31 earlier in today\u2019s session, after falling to a low of $17.29 the day prior.<\/p>\n

The surge saw avalanche climb to its strongest point since March 23, and came following a move beyond a ceiling at $18.00.<\/p>\n

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AVAX\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Since then, earlier gains have somewhat fallen as a result of the RSI hitting a wall at the 56.00 level.<\/p>\n

Price strength is now tracking at 55.63, which has resulted in AVAX once again trading below $18.00.<\/p>\n

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

Do you expect avalanche to move back above $18.00 this week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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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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