Größte Umzugshelfer: XRP, SOL Move 5% Lower to Start the Week

Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% zum Wochenstart, which comes days ahead of the upcoming U.S. Inflationsbericht. Solana also declined, hitting a multi-week low.

Xrp, formerly known as ripple, fell by as much as 5% am Montag, with the global market cap slipping by over 3% in the day.

XRP/USD dropped to an intraday low of $0.4333 zum Wochenstart, weniger als 24 hours after hitting a high of $0.4606.

As a result of this decline, XRP moved to its lowest point since March 25, breaking out of a floor at $0.4360 dabei.

Blick auf das Diagramm, the slippage came as the relative strength index (RSI), broke out of a floor at 39.00.

Zum Zeitpunkt des Schreibens, the index is tracking at 36.04, mit XRP at a level of $0.4365.

Gesamt, the token is down 5.11% as of writing.

Solana (SOL)

Solana (SOL) remained in the red, as the token extended its own recent declines to a third session.

Nach einem Hoch von $22.74 on Sunday, SOL/USD fell to a low of $21.01 früher am Tag.

Monday’s drop in price has sent SOL to its long-term support point at $21.00, resulting in its lowest level since April 26.

The token has rebounded from earlier lows, as the RSI found a floor of its own at the 44.00 mark.

Stand des Schreibens, price strength is tracking at 44.57, with a ceiling at 49.00 a potential target for bulls.

If momentum does rise, and more bulls reenter the market, that could lead to SOL climbing back above $22.00.

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Elijah Dambell

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Zur Zeit, he commentates on various asset classes, including Crypto, Aktien und Devisen, whilst also a startup founder.

Bildnachweise: Shutterstock, Pixabay, Wiki-Commons