Biggest Movers: XRP Bulls Take Profits Following 6-Day Winning Streak
XRP was marginally lower on Saturday, as bulls seemingly secured gains, following a recent six-day winning streak. The token, which has risen by nearly 10% in the past week, remains close to a three-week high. Polkadot remained in the green to start the weekend.
XRP, formerly ripple, remained close to a multi-week high to start the weekend, despite bulls moving to secure recent gains.
Following a peak at $0.4738 on Friday, XRP/USD declined to a bottom at $0.4627 earlier in the day.
Despite the decline, XRP remained close to its strongest point since April 30, when the price reached a top of $0.4818.
Looking at the chart, one of the catalysts of the move appeared to be a breakout on the relative strength index (RSI).
The index moved beyond the ceiling of 54.00, and as of writing, is now tracking at 56.09.
Bulls are likely targeting the $0.4800 mark, and could reach it this weekend, should the RSI move towards its next point of resistance at 59.00. Polkadot (DOT)
In addition to XRP, Polkadot (DOT) extended its own gains on Saturday, as the token rose for a second straight session.
DOT/USD climbed to a high of $5.41 to start the weekend, following a low at $5.33 the day prior.
Saturday’s move comes as polkadot continued to move away from a recent support point at $5.30.
The slight increase in price has also led to the RSI moving towards resistance at 42.00, which is acting as an obstacle to further bullish pressure.
There is a good chance that DOT could make a run towards $6.00, should this current ceiling give way.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect polkadot to edge closer to $6.00 this weekend? Let us know your thoughts in the comments.