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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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.
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