Xrp returned to a five-month high on Monday as prices surged for the third consecutive session. The token, formerly known as Ripple, was one of the few risers at the start of the week amid a near-consolidation in the market. Polygon approached multi-week lows at the end of the week.
XRProse for the third consecutive session, nearing a five-month high.
After a day low of 0.4438,XRP/USD ran up to an intraday high of $0.4877 earlier in the session today.
As a result of the move,. XRPapproached a recent high of $0.4940, the strongest point the token has hit since November 6.
The chart shows that this rise came as the Relative Strength Index (RSI) was heading for a ceiling of 70.00.
As of this writing, the index is hovering at 66.91, and if it passes the 70.00 mark,XRPis likely to hit a multi-month high.
A long-term ceiling of $0.5000 could be a target for current market bulls.
Polygon (MATIC)
Polygon (MATIC), turned lower earlier in the week, with the token falling toward a recent support point.
MATIC/USD fell to a bottom of $1.08 a day after trading as high as $1.12.
All in all, Polygon is on the brink of colliding with the $1.05 floor it last hit on March 12.
From the chart, it looks like a down cross has occurred between the 10-day moving average (red) and the 25-day moving average (blue)?
In addition to this, the RSI is currently at 43.62, just above the resistance level of 43.00.
If momentum continues to fall, MATIC will likely drop below $1.00.
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