In what can be described as a choppy trading session, it was XRP that was one of the most notable gainers, climbing to a one-week high. While Ripple rose, NEAR was once again lower, falling as much as 10% on Friday.
While the crypto markets were mainly in the red, XRP was one of the biggest gainers on Friday, climbing up to 9%.
After hitting a low of $0.7106 in the first session, XRP/USD climbed to an intraday high of $0.7937 as the day progressed.
Today’s high comes after four consecutive days of gains that took XRP to its highest point since April 6.
The week started with a false breakout with the support level of $0.7115 and has now moved closer to the resistance level of $0.8000.
Looking at the charts, crossing this point could prove to be an issue as the 14-day RSI indicator is now hovering below its range.
This level of 50 has not been broken in almost two weeks, and price strength will need to increase if the bulls want to move beyond $0.8000.
Near Protocol (Near)
NEAR fell for the second straight session on Friday as price uncertainty continues, following last week’s jump of $20.
Since reaching that point, which was at the time a four-month high, NEAR has since fallen below its key resistance at $17.
Prices are now consolidating between this resistance and the $15 support, with today trading an intraday low of $15.73.
Today’s price drop has also dampened short-term momentum, with NEAR now down 15% from last Friday.
The 14-day RSI is now tracking at 56.02, its weakest point since March 22, and comes after its 58.65 floor break.
Despite the current momentum appearing to be bearish, the bulls will continue to hold off this attack until the $15 support point is broken, which could open the door for further bears.
Can we see NEAR fall below $15 in coming days? Let us know your thoughts in the comments.
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