Miguel Lopez PEPE experienced a substantial 13% increase during today’s trading session, as the cryptocurrency successfully broke through a crucial resistance level. This surge occurred as the crypto markets aimed to recover from the significant losses endured on Tuesday. Another notable performer was XRP, which recorded a 5% gain on Wednesday.
PEPE (PEPE)
The deflationary meme coin, PEPE (PEPE), demonstrated an impressive rise of over 13% during today’s session.
Following a low of $0.0000009764 on Tuesday, the PEPE/USD pair climbed to a peak of $0.000001257 earlier today.
Although PEPE briefly surpassed the price ceiling at $0.000001200, it was unable to sustain the upward momentum.
PEPE/USD – Daily Chart
As of the current writing, the coin is trading at $0.000001135, while the relative strength index (RSI) remains below its own ceiling.
The RSI is currently at 49.15, slightly below the significant resistance level at 53.00.
If the bulls manage to surpass this point, there is a strong possibility that PEPE will make another move above $0.000001200.
XRP
Alongside PEPE, XRP also experienced notable gains during Wednesday’s session, with its price surging by up to 5%.
XRP/USD reached an intraday high of $0.5371 earlier today, following Tuesday’s low at $0.4982.
During today’s rally, the token formerly known as Ripple briefly broke through the resistance level at $0.5330.
XRP/USD – Daily Chart
Historically, this level has generated significant bearish pressure, which likely led previous bullish traders to liquidate their positions.
The RSI also failed to break its own ceiling at the 63.00 level and is currently tracking at 62.53.
Should the bulls eventually overcome this point, the next target is expected to be $0.6000.
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Share your thoughts in the comments on whether you anticipate XRP reaching $0.6000 in June.
Table Of Contents
Frequently Asked Questions (FAQs) about cryptocurrency market movements
What are the biggest movers in the cryptocurrency market mentioned in the text?
The biggest movers mentioned in the text are PEPE and XRP. PEPE experienced a significant 13% increase, breaking through a key resistance level, while XRP recorded a 5% gain.
What is PEPE (PEPE) known for?
PEPE (PEPE) is known for being a deflationary meme coin.
What were the price levels reached by PEPE and XRP?
PEPE reached a peak of $0.000001257, breaking a price ceiling at $0.000001200 but was unable to sustain the move. XRP reached an intraday high of $0.5371, breaking through a resistance level at $0.5330.
What is the current trading price of PEPE and XRP?
At the time of writing, PEPE is trading at $0.000001135, while the current trading price of XRP is not mentioned in the text.
Will XRP reach $0.6000 in June?
The text does not provide a definitive answer to whether XRP will reach $0.6000 in June. It mentions that if bulls eventually surge beyond a specific resistance level, the next target for XRP would likely be $0.6000.
