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% pour commencer la semaine, which comes days ahead of the upcoming U.S. rapport sur l'inflation. Solana also declined, hitting a multi-week low.
XRP, formerly known as ripple, fell by as much as 5% En Lundi, with the global market cap slipping by over 3% in the day.
XRP/USD dropped to an intraday low of $0.4333 pour commencer la semaine, moins que 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 Dans le processus.
En regardant le graphique, the slippage came as the relative strength index (IRS), broke out of a floor at 39.00.
Au moment de la rédaction, the index is tracking at 36.04, avec XRP at a level of $0.4365.
Globalement, the token is down 5.11% as of writing.
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Solana (SOL)
Solana (SOL) remained in the red, as the token extended its own recent declines to a third session.
Suite à un pic de $22.74 on Sunday, SOL/USD fell to a low of $21.01 tôt dans la journée.
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.
Au moment de l'écriture, 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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