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The price of XRP increased on Tuesday as it continued to move away from a major support level. With the market cap of all cryptocurrencies down by 0.34% as of this writing, sentiment overall remained generally pessimistic. The stock of Polygon was also profitable at the time of publication.
XRP
Tuesday saw substantial gains for XRP, formerly known as ripple, as the coin kept edging further away from a recent support level.
XRP/USD increased to an intraday high of $0.3751 earlier in the day after hitting a low of $0.3648 to begin the week.
During a recent four-day losing trend, the action caused XRP to bounce from a long-term price floor at $0.3650.
According to the chart, this occurred as the 14-day relative strength index (RSI) broke through its ceiling at 43.00.
The index is now tracking at 43.97, with the next visible resistance point at 45.00.
XRP will likely be trading at or above the $0.3800 level should this threshold be reached.
Polygon (MATIC)
Polygon (MATIC) also rose higher today, a day after bulls rejected a breakout at a key price level.
MATIC/USD peaked at $1.17 on Tuesday, which comes after a bottom at $1.12 the day prior.
The bulls pushed prices further away from a recent $1.10 floor due to this action.
This rebound coincides with the RSI moving away from a recent floor at 39.00.
Price strength is currently tracking at 41.17, and the nearest resistance level is at 45.00.
Bulls may aim for this level; if they do, MATIC may rise beyond $1.20.
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