After falling victim to a red wave on Thursday, XRP recovered in today's session thanks to the tenacity of the crypto bulls. Following a 2% decline yesterday, the worldwide market cap is up by 0.40% at the time of writing. Another great performer on Friday was Stellar, which is currently up 2.25%.
XRP
After bulls abruptly ended a three-day winning streak during yesterday's session, XRP XRP was back in the green on Friday.
XRP/USD rose to a high of $0.5134 earlier in the day after reaching a low of $0.5025 on Thursday.
With the increase, XRP, formerly known as ripple, once more advanced into a significant resistance level at $0.5450.
 |
| XRP/USD--Daily Chart |
According to the chart, the recovery occurred as the relative strength index (RSI) rose once more over a ceiling at 47.00.
Price strength is currently at 48.72, with the next visible ceiling located close to the 54.00 area.
There is a great chance that XRP will rise above $0.5400 if this aim is achieved.
XLM
Following price losses on the previous two days, Stellar (XLM) was also up during today's session.
Less than 24 hours after hitting a low of $0.1122, XLM/USD reached a peak earlier in the day of $0.1154.
Bulls kept pushing the token away from a recent floor around $0.1100 and back on course toward resistance at $0.1320 as a result of the fall.
 |
| XLM/USD--Daily Chart |
The RSI hitting a floor of its own at 37.00 and currently tracking at 39.87 contributed to today's recovery.
Bulls now face a ceiling at 44.00, which may be the key obstacle blocking additional advances this weekend.
This weekend, where will spectacular come to an end? Post your comments to let us know what you think.