Cryptocurrency Market Sees Improvement as Key Assets Break Through Resistance
The cryptocurrency market is showing signs of improvement after months of decline.
XRP has made one of its strongest daily moves in months, rising by about 10% and hitting the $1.40 region, breaking through major resistance levels around $1.16 and short-term averages at $1.09.
The price has also momentarily surpassed the long-term moving average at $1.34, with a verified daily close above this area potentially opening the path toward $1.45-$1.50 and turning the long-term average into support.
SHIB is pushing through resistance levels, rising by about 5.7% to roughly $0.00000523 after breaking through the orange moving average near $0.00000489 and short-term moving averages around $0.00000452-$0.00000465.
HYPE has returned to its upper trading range of $76, erasing almost all of its August correction and challenging previous highs around $76-$78.