Sunday, December 22, 2024

SHIB and XRP Outpace Broader Market With Weekend Rally

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Alicia Garcia
Alicia Garciahttps://blog.cryptoapa.com/
Alicia is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.

After hitting recent lows, Shiba Inu (SHIB) rebounded on Saturday morning. SHIB/USD climbed from Friday’s low of $0.000008016 up to an intraday peak of $0.00000822. This allowed SHIB to move away from support around $0.00000790.

The RSI indicator for SHIB also bounced off support at 39.00, jumping to 43.27. If bullish momentum continues, SHIB traders will target resistance around 47.00.

XRP also saw a weekend recovery after recent losses. XRP/USD rose to a Saturday high of $0.5298 after trading at $0.5128 on Friday. This bounce let XRP move beyond floor support around $0.5045.

Earlier XRP gains have eased slightly as the RSI hit resistance at 35.00, bringing price back down to $0.5235. If bulls can break this ceiling, they will likely target exits near $0.5435.

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