Xrp rose in Tuesday’s session as prices continue to move away from long-term support points. Overall, cryptocurrency sentiment remains largely bearish, with global market capitalization down 0.34% at the time of writing. Polygon was also green at the time of writing.
XRPThe old Ripple saw a notable rally on Tuesday as the token continued to move away from its recent support point.
following a weekly low of $0.3648. XRP/USD rose to an intraday high of $0.3751 during the day.
As a result of this move,XRPhas bounced back from its long-term price bottom of $0.3650 after a recent four-day losing streak.
From the chart, it looks like this happened as the 14-day Relative Strength Index (RSI) broke through its own ceiling at 43.00.
As of this writing, the index is at 43.97 and the next visible resistance point is 45.00.
If this ceiling is hit, it is more likely thatXRPwill trade at or above the $0.3800 mark.
Polygon (MATIC)
Polygon (MATIC) also rallied higher in today’s session, a day after the bulls rejected a breakout at a key price level.
MATIC/USD moved to a peak of $1.17 on Tuesday, after bottoming at $1.12 the previous day.
As a result of this move, polygon bulls moved the price further away from its recent bottom at $1.10.
Overall, this rebound seems to coincide with the RSI moving away from its recent bottom at 39.00.
Currently, price strength is tracking at 41.17, with the closest resistance point at the 45.00 mark.
Bulls are likely to target this point and if reached, MATIC could go above $1.20.
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