Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls remain weak as the sellers' pressure remains relevant.
XRP/USD
XRP is trading against the market drop as the price has risen by 0.72% over the last day.
Despite the slight rise today, XRP is trading sideways after the false breakout of the resistance level. Currently, one needs to pay close attention to the $0.46 mark. If the decline continues, the altcoin may return to the bearish zone.
XRP is trading at $0.4946 at press time.
MATIC/USD
Unlike XRP, MATIC could not show a rise, falling by 2.11%.
However, from the technical point of view, MATIC is trading similarly to XRP as the coin has not accumulated enough power for either growth or upward movement. If buyers want to seize the initiative again, they need to bring the price back to the $0.80 zone.
MATIC is trading at $0.7501 at press time.
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov