{"id":19879,"date":"2023-04-15T03:30:07","date_gmt":"2023-04-15T03:30:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ada-surges-to-7-month-high-as-xrp-extends-recent-gains-market-updates-bitcoin-news\/"},"modified":"2023-04-15T03:30:07","modified_gmt":"2023-04-15T03:30:07","slug":"ada-surges-to-7-month-high-as-xrp-extends-recent-gains-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ada-surges-to-7-month-high-as-xrp-extends-recent-gains-market-updates-bitcoin-news\/","title":{"rendered":"ADA Surges to 7-Month High, as XRP Extends Recent Gains\u00a0 \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high.<\/strong><\/p>\n

Cardano (ADA<\/a>)<\/h2>\n

Cardano (ADA<\/a>) rose for an eighth straight session on Friday, with today\u2019s gains sending the token to a seven-month high.<\/p>\n

ADA<\/a>\/USD raced to an intraday peak of $0.4441 earlier in today\u2019s session, after trading at a low of $0.4115 on Thursday.<\/p>\n

Friday\u2019s surge in price saw cardano climb to its strongest point since September 27, when prices hit a high of $0.4631.<\/p>\n

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

Looking at the chart, today\u2019s jump came following a breakout of a key resistance level of $0.4230.<\/p>\n

In addition to this, the relative strength index (RSI) also moved beyond its own ceiling at 65.00, and is currently tracking at 71.06.<\/p>\n

An upcoming ceiling at 72.00 now awaits ADA<\/a> bulls, and should they fail to move past this point, earlier gains may fade.<\/p>\n

XRP<\/a>, formerly ripple, was once again in the green, as the token continued to move away from a recent price floor.<\/p>\n

Following a low of $0.5092 on Thursday, XRP<\/a>\/USD rose to a high of $0.5438 earlier in the day.<\/p>\n

As a result of today\u2019s move in price, XRP<\/a> moved to its highest level since March 29, when the token hit a then eleven-month high of $0.5848.<\/p>\n

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

From the chart, it appears that one catalyst for the move was the 14-day RSI bouncing from a floor at 57.00.<\/p>\n

Price strength is now tracking at 62.97, which is marginally below a point of resistance at the 63.00 mark.<\/p>\n

At the time of writing, XRP<\/a> is trading at $0.5274, which is slightly lower than its earlier peak.<\/p>\n

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

Do you expect Xrp to climb for a third day on Saturday? 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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