Monero (XMR) Price Analysis: XMR/USD Pair is Leading Bullish Momentum and Has Risen By 6 Percent

Monero (XMR) is arguably the highest gainer overall among the top twenty digital tokens today by market capitalization. In fact, the virtual asset has defied the negative market pressure and embraced a bullish momentum which was the springboard to this 6.49 percent right on the day. According to crypto writer John Isige, the XMR/USD pair went up 6.49 percent after triggring an upside movement starting marginally above the 108.00 USD mark. Monero’s (XMR) price went on to breach the 128 USD resistance level during the Asian trading hours.

Selling Activity Has Prevented The XMR/USD Pair From Moving Above The 130 USD Level

It was only unpredictable selling pressure that kept the XMR/USD pair from getting above 130 USD after hitting 128 USD. Looking at the 100 SMA and the ascending pattern that provided support since the Bears fought for equilibrium shows the overbought areas at 120 USD. The XMR/USD pair is currently fighting for support at 128 USD. However, the trendline of theleast resistance level is to the south side as observed with the technical indicators via the 1-hour chart of the pair. Should the 128 USD immediate support level give in to sellers, then buyers must maintain ground at 120 USD to avoid testing the stronger resistance mark at 116 USD.

Monero (XMR) Price Today / USD

NamePrice
bitcoin
Bitcoin
$7,485.88-7.89%
monero
Monero
$53.40-7.17%

Monero (XMR) and Ripple (XRP) Have Joined The Secure Edge Mobile Wallet

Ripple (XRP) Price Today / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.269
-8.48%

Both Ripple (XRP) and Monero (XMR) have been included in the Secure Edge Mobile Wallet which supports the buying, selling and storing of digital assets. The platform gives the users of both networks (XMR and XRP) the simplicity and diversity of storing their tokens on their mobile devices. Pual Puey, Edge’s CEO, had this to say:

“We have listened to our community closely during the last few months which has led us to discover that there’s a strong demand for digital tokens on our platform. Edge is happy to announce that we now offer this option on our network.”

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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