Xrp rebounded from a two-month low at the start of the weekend as prices again exceeded a key support point. The token, which fell to its lowest level since January on Friday, rose as much as 2% on Saturday. Cardano also recovered yesterday’s losses.
XRProse higher to start the weekend as the token formerly known as Ripple rebounded from a two-month low.
XRP/USD jumped to an intraday high of $0.3795 later in the day after bottoming at $0.3664 on Friday.
Yesterday’s drop sawXRPfall to its weakest point since January 11, when prices were as low as $0.3477.
The chart shows that Saturday’s recovery has helped the token regain above its long-term low of $0.3720, which it broke out of yesterday.
The Relative Strength Index (RSI) bounced off the bottom at 43.00
and appears to have rebounded as a whole. As of this writing, the index is hovering at 43.48, with the next ceiling at the 45.00 mark in sight.
Cardano (ADA)
45} plus XRPAlso, Cardano (ADA) was the token that rebounded from a multi-month low on Saturday.
Following Friday’s low of $0.3367,. the ADA/USD moved to a peak of $0.3443 to start the weekend.
Like the xrp above, yesterday’s move sent Cardano down to its lowest since January 11.
Overall, theADAis now trading over 1.3% above this bottom and in the process has again surpassed a recent support point.
Cardano is currently trading at $0.3418, higher than the aforementioned floor of $0.3400.
Despite the 14-day RSI hovering near an 8-week low of 38.76, a price rebound is taking place.
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