• XRP and MATIC both gained in Tuesday’s session, as prices continue to move away from a long-term support point.
• The 14-day relative strength index (RSI) for XRP broke out of its own ceiling at 43.00, suggesting more bullish momentum ahead.
• Polygon (MATIC) also moved higher in today’s session, as bulls rejected a breakout at an important price level.
Biggest Movers: XRP and MATIC Rebounding on Tuesday
XRP and MATIC were two of the biggest gainers in Tuesday’s session, as prices continued to move away from a long-term support point. The global market cap was down 0.34% as of writing, but sentiment in cryptocurrencies remained largely bearish.
XRP rose higher on Tuesday following a low of $0.3648 to start the week. Prices reached an intraday high of $0.3751 earlier in the day, bouncing from a long-term price floor at $0.3650 after a recent four-day losing streak. This could be seen as the 14-day relative strength index (RSI) breaking out of its own ceiling at 43.00 before tracking at 43.97 with the next visible resistance point being 45.00. If this is hit, there is potential for XRP to trade above $0.3800 mark soon afterwards..
Polygon Gaining Momentum
Polygon (MATIC) also rose higher in today’s session after bulls rejected a breakout at an important price level yesterday morning.. Prices moved to a peak of $1