Xrp rallied higher in the session on Tuesday, as prices continued to move away from a long-term support point. Overall, sentiment in cryptocurrencies remained largely bearish, with global market capitalization slipping 0.34% at time of writing. Polygon was also in green at the time of writing.
XRPformerly Ripple, was a notable gainer on Tuesday as the token continued to pull away from a recent support point.
After a low of $0.3648 at the beginning of the week, XRP/USD rose to an intraday high of $0.3751 earlier in the day.
The movement resulted XRP bouncing from a long-term price low of $0.3650, after a recent four-day losing streak.
From the chart, it appears this occurred as the 14-day RSI broke above its own high at 43.00.
At time of writing, the index is now at 43.97, with the next resistance point visible at 45.00.
If this ceiling is reached, there is a high probability that XRP it will trade at or above the $0.3800 mark.
Polygon (MATIC)
Polygon (MATIC) has also rallied higher in the session today, a day after the bulls rejected a break at a key price level.
MATIC/USD moved to a high of $1.17 on Tuesday, which comes after a low of $1.12 the day before.
As a result of this move, the polygonal bulls pushed prices further away from a recent bottom at $1.10.
Overall, it looks like this bounce coincides with the RSI pulling away from a recent bottom at 39.00.
Currently, price strength lies at 41.17, with the nearest resistance point at the 45.00 mark.
The bulls are likely to target this point, and if they do, the MATIC could move above $1.20.
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Do you expect Polygon to maintain this upward trend in the coming days? Let us know your thoughts in the comments.
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