Xrp rose nearly 10% on Friday as the coin neared its most recent four-month high. The move came as the US consumer confidence index came in at 58.6, up from 58.2 in August. UNUS SED LEO is also in the lead, up 12% in today’s trade.

XRP is up more than 10% in today’s session as prices approach multi-month highs.

After hitting a low of $0.4285 on Thursday, XRP/USD rallied to an intraday high $0.503 earlier in the day.

The move sent the coin rippling around last week’s high of $0.558, its highest since May.

XRP/USD – Daily Chart

As you can see from the chart, earlier gains have slowed as the Relative Strength Index (RSI) hit its ceiling.

The index is currently tracking at 63.81, just below the aforementioned resistance point of 65.00.

If XRP bulls attempt to recapture last week’s highs, a break above the RSI ceiling will be required.


Another notable driver in today’s trade was UNUS SED LEO (LEO), which was trading up 12%.

LEO/USD hit an intraday high of $4.69 on Friday, less than a day away from hitting a low of $4.18.

Today’s rally comes as LEO bounces off key support at $4.05. The coin is now approaching the $4.80 cap.

LEO/USD – Daily Chart

Besides bouncing off the price floor, another reason for the rally was that the 14-day RSI broke above its own ceiling.

The index broke above the 48.90 resistance level, and as of press time, the index is at the 50.96 mark.

If we see LEO colliding with the $4.80 point, traders are likely to act to secure gains, leading to a drop in price.

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Do you expect UNUS SED LEO to climb to $4.80 this weekend? Let us know your thoughts in the comments.

Eliman Dan Bell

Eliman brings an eclectic perspective to market analysis, having served as a brokerage director and retail trading educator. Currently, he works as a commentator for various asset classes, including cryptocurrencies, stocks and foreign exchange.

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