Cryptocurrencies have been in the picture for quite some time now and their market performance reflects the promise they hold in the digital world. On Tuesday, the two biggest movers in the market were XRP and Avalanche; both having been in the green and setting single-week highs respectively.
XRP, once known as Ripple, surged 2.50% in Tuesday's session. This increase took the token away from a recent price floor and reached an intraday high at $0.5256. The surge happened when the Relative Strength Index (RSI) bounced from a support above the mark of 59.00. At the time of writing, the index was tracking at 61.24 which suggests the next challenge is to move past the 63.00 mark.
On the other side, Avalanche (AVAX) saw a more impressive move, pushing to a new one-week high at $18.31. This came shortly after moving beyond a price ceiling of $18.00 and saw the RSI reach a peak at 56.00. Since then, strength has been slightly depleted and has resulted in a trading of AVAX at below $18.00.
This is yet another indication of the confidence investors have in the crypto markets and may be the sign of a bright future in the industry. As long-term prospects remain positive and market caps remain consistent, it is likely that these two tokens will be among the most watched in the coming weeks.
Adriana Parker
- 2023-04-05
Crypto Market Performance – Keeping an Eye on XRP and Avalanche
Crypto market performance continues to show promising signs, with XRP and Avalanche surging and setting single-week highs. Learn more about the market performance of these two tokens and the outlook for their future.
