XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses.
XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token.
Following a low of $0.3774 earlier in today’s session, XRP/USD raced to a peak of $0.4215 on hump day.
The move comes after the token broke out of its key price ceiling of $0.4000 on Tuesday, hitting its highest point since June 1 in the process.
Although prices have since declined, and as of writing are trading at $0.4044,