Xrp rallied from a two-month low to start the weekend as prices rallied back above a key support point. The token, which fell to its lowest point since January on Friday, rose as much as 2% on Saturday. Cardano also recovered yesterday’s losses.
XRP It rallied higher to kick off the weekend as the token formerly known as Ripple rallied from a two-month low.
XRP/USD jumped to an intraday high of $0.3795 earlier in the day, which comes after bottoming at $0.3664 on Friday.
yesterday’s fall saw XRP it fell to its weakest point since January 11, when prices were at a low of $0.3477.
Looking at the chart, Saturday’s rally has sent the token back above a long-term floor at $0.3720, which was broken yesterday.
Overall, the bounce seems to have taken place when the RSI rebounded from a bottom at 43.00.
At time of writing, the index sits at 43.48, with the next top visible at the 45.00 mark.
Cardano (ADA)
In addition to XRPcardano (ADA) was another sign to recover from a multi-month low on Saturday.
After a low of $0.3367 on Friday, ADA/USD moved to a high of $0.3443 to start the weekend.
Similar to xrp above, yesterday’s move sent cardano down to its lowest level since January 11.
In general, ADA it is now trading 1.3% above this low, rallying back above a recent support point in the process.
Cardano is now trading at $0.3418, which is higher than the previously mentioned floor at $0.3400.
The rally in price comes despite the 14-day RSI continuing to track near an eight-week low of its own at 38.76.
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