- Ripple (XRP) andCardano (ADA) have seen their prices plunge.
- The price of XRP is currently $0.3456 after a 7.87% drop in price over the last 24 hours.
- Cardano is suffering the same fate as it is also in the red this morning.
Ripple (XRP) and the coin that has been in the news a lot lately, Cardano (ADA), have seen their prices plunge as bullish momentum subsides.
The price of XRP is currently $0.3456 after a 7.87% drop in price over the last 24 hours, according to the crypto market tracker, CoinMarketCap. XRP is also down 8.15% over the last seven days.
The 24 hour trading volume for XRP has seen a double digit increase over the last day. However,it is clear that this volume is sell-volume after a selloff was triggered as the end of the week nears.
Cardano is suffering the same fate as it is also in the red this morning. ADA is currently trading at $0.4744 after a 12.20% price decline over the last day. Just like XRP, ADA is also down over the last week by just over 11%.
When it comes to Cardano’s trading volume over the past 24 hours, there is also a sign of a selloff taking place as the volume has increased just over 30% from the day prior.
On the daily chart of ADA/USDT, the relative strength index indicator (RSI) is a clear indication of the momentum turning drastically for ADA as the RSI line crossed convincingly below the RSI SMA line towards oversold territory.
The daily chart for XRP/USDT tells the same story as in ADA’s daily chart the RSI line crosses below the RSI SMA line in an almost downwards parabolic movement.
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