XRP Continues to Rise, Reaching 4-Day High
XRP, formerly known as Ripple, experienced a significant increase in value on Tuesday, marking its fourth consecutive day of gains. This rise in XRP's price coincided with the overall bullish sentiment in the cryptocurrency market. The global crypto market cap has increased by nearly 10% at the time of writing, with Bitcoin reaching a 17-month high. Alongside XRP, Cardano also witnessed a surge, reaching its highest point in two months.
On Monday, XRP/USD traded at a low of $0.5267, but it managed to climb to a peak of $0.581 earlier today. This surge in price allowed XRP to reach its highest point since August 18, when it was on the verge of breaking into the $0.60 region. Analyzing the chart, it seems that this increase was triggered by the 10-day moving average (red) crossing over its 25-day counterpart (blue).
In order to sustain this positive momentum, bulls will need to overcome a relative strength index (RSI) ceiling of 72.00. Currently, the index is tracking at a reading of 71.70.
Cardano (ADA) Hits Multi-Month High
Cardano (ADA) also experienced a significant rally during today's session, surpassing a key resistance level in the process. ADA/USD reached an intraday peak of $0.2911 on Tuesday, starting the week at a low of $0.2626. This surge in price propelled the cryptocurrency to its strongest level since August 13, following six consecutive days of gains.
As a result, the current reading of the relative strength index (RSI) for Cardano stands at 75.70, indicating that the price strength has entered overbought territory. Looking at the chart, this is the highest the index has reached since January, which prompted bulls to break the $0.280 price ceiling.
Will Cardano be able to reach the $0.30 level in the coming days? Share your thoughts in the comments.
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How To
The best way to buy gold (or silver) online
You must first understand the workings of gold before you can purchase it. Gold is a precious metal similar to platinum. Because of its resistance to corrosion and durability, it is very rare. It's hard to use, so most people prefer buying jewelry made out of it to actual bars of gold.
There are two types currently available: legal tender and bullion. Legal tender coins are designed for circulation in a country. They often have denominations like $1 or $5 or $10.
Bullion coins are minted for investment purposes only, and their values increase over time due to inflation.
They cannot be used in currency exchanges. One example is that if someone buys $100 worth gold, they get 100 grams with a $100 value. Each dollar spent earns the buyer 1 gram gold.
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Private sellers are individuals that offer gold at wholesale or retail prices. Private sellers will charge you a 10% to 15% commission for every transaction. This means that you will get less back from a private seller than if you sell it through a coin shop or on eBay. This option can be a good choice for investing in gold because it allows you to control the price.
Another option for buying gold is to invest in physical gold. Although physical gold is easier to store than paper certificates you will still need to ensure it is safe. Physical gold should be stored in an impenetrable container, such a vault and safety deposit box to ensure its safety.
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