On Monday, XRP pushed again towards a five-month high as prices soared for a third straight session. As markets largely consolidated to start the week, the token formerly known as ripple was one of the very few gainers. To begin the week, Polygon drew a little bit closer to a multi-week low.

XRP

On Monday, the price of XRP, formerly known as ripple, increased for a third straight session as it approached a five-month high.

XRP/USD accelerated to an intraday high of $0.4877 earlier in today’s session after hitting a low of 0.4438 on Sunday.

The action brought XRP closer to its most recent high of $0.4940, the highest level it has reached since November 6.

According to the chart, the most recent surge occurred when the relative strength index (RSI) was moving towards its 70.00 ceiling.

XRP will probably reach a new multi-month high if the index crosses the 70.00 level, which it is now tracking at 66.91.

The current bulls in the market may have their sights set on a long-term ceiling near the $0.5000 level.

Polygon (MATIC)

To begin the week, Polygon (MATIC) dropped downward, with the token sliding in the direction of a recent support level.

A day after prices reached a high of $1.12, MATIC/USD prices dropped to a trough at $1.08.

In general, Polygon is currently on the verge of colliding with the $1.05 floor, which was last reached on March 12.

According to the chart, a downward cross between the 10-day (red) and 25-day (blue) moving averages has occurred.

Moreover, the RSI is currently tracking at 43.62, just above the 43.00 resistance line.

There is a good chance that MATIC will drop below $1.00 if momentum keeps declining.