XRP moved to a fresh four-month high on Thursday, which comes as volatility eased in crypto markets following the latest US Federal Open Market Committee meeting.The token broke through key resistance during yesterday's session and reached its highest point since May.Another alccoin with significant gains was Algorand, whose prices rose by as much as 17%.XRP hit a four-month high on Thursday after hovering near that milestone during yesterday's session.The XRP/USD pair rose to a high of $0.4461 on Thursday as prices moved past the $0.4200 resistance point.This price increase means that XRP has reached its highest point since May 12, when the token traded above $0.5200.Yesterday's rally represents a price gain of more than 10% and comes as the 14-day relative strength index rose to its own multi-month high.At the time of writing, the index is currently trading at 69.29, its strongest point in more than nine months.History shows that when price strength climbs to these levels, bears often return because they see prices as overbought.As a result, we could see a possible reversal in the coming days.Algorand (ALGO) was also in the green during yesterday's session as prices rose as much as 17% on Thursday.Thanks to yesterday's gains, the ALGO/USD pair hit an intraday high of $0.3842, down from a day after trading at a low of $0.3102.This high is the strongest point at which the algorand has traded since mid-August, which is the last time prices also collided with the $0.3800 resistance point.After that, ALGO moved lower and is currently trading at $0.3711 at the time of writing.The token is also currently in overbought territory at 67.05, the highest point it has reached since April.If ALGO were to move above this current level, we would likely need price strength to move even deeper into overbought territory.Altcoins have had a similar evolution to BTC, with a lot of improved price swings.However, now most are trading in the green, with the exception of Ethereum.It's been a week since the blockchain's second largest PoW to PoS transition, and the price of the native token has primarily declined in that time frame.ETH rose from over $1,600 last Thursday to $1,200 yesterday.Although now trading $100 higher, the asset is still down 3%.Binance Coin, Cardano, Solana, Dogecoin and Polkadot show smaller gains of up to 0.50%.Ripple is once again the top performer among the larger-cap altcoins with a remarkable 7% increase.As such, XRP is currently well above $0.4, possibly buoyed by the latest developments in the Ripple-SEC legal case.Uniswap, ATOM, Algorand, ICP, FIL and CHZ also gained impressive percentages on a daily basis.As a result, the cryptocurrency market capitalization increased to $930 billion after falling below $900 billion yesterday.Get 15% back through us!Free bonus up to $3650 after registration and depositFree bonus up to $2500 after registration and depositPopular Czech exchange officeOur job is to objectively and responsibly create, collect and share information and news that moves the world of cryptocurrency.Here we offer readers the most relevant topics across the entire crypto ecosystem, i.e. current events and developments in the cryptocurrency market, laws, regulations, likely outlook and most important events.©2017-2021 CryptoSvet.cz - All rights reserved - SK version of CryptoSvet.sk.©2017-2021 CryptoSvet.cz - All rights reserved - SK version of CryptoSvet.sk.Login to your account belowEnter your login name or email.