Xrp plunged to multi-week lows in Friday’s session, the third consecutive session the token has fallen. The move pushed prices to their lowest since late March, with the global market cap trading 2.39% lower at the time of writing.Cardano also fell to a two-week low.
XRPwas deeply in the red on Friday as prices fell for the third consecutive session.
Following Thursday’s high of $0.4838,XRP/USD fell to an intraday low of $0.4644 earlier today.
As a result of this drop,. XRPfell to its lowest since March 27, when the token bottomed at $0.4428.
The chart shows that this recent change in momentum coincides with the 14-day Relative Strength Index (RSI) breaking through the 57.00 floor.
At the time of this writing, the index is hovering at 42.24, approaching the 41.00 support point.
If price strength reaches this point, it is likely thatXRPwill bottom out in price at $0.4440.
Cardano (ADA)
Cardano (ADA) also fell to multi-week lows in today’s session as prices approached a key price floor.
ADA/USD fell to a low of $0.3974 on Friday, less than 24 hours after trading at a peak of $0.4087.
This is the lowest price Cardano has recorded since April 12, after a three-day losing streak.
Similar toXRP, ADAThe decline in the /USD occurred after the RSI fell below the 52.00 lower limit. It is currently showing 49.18.
The next visible support point appears to be at 45.00 and if sellers claim this zone, Cardano will likely move to $0.3750.
This level is a long-term price lower median and was last hit on April 6.
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