Biggest Movers: XRP Remains Near Multi-Month High on Monday

XRP remained adjacent a multi-month precocious to commencement the week, contempt cryptocurrency markets mostly tracking lower. The planetary marketplace headdress has fallen by 1.58% arsenic of writing, owed to today’s reddish wave. Litecoin was a notable token to fall, dropping by astir 5%.

XRP

XRP, formerly ripple, remained adjacent a multi-month precocious connected Monday, contempt today’s bearish sentiment.

XRP/USD roseate to a highest of $0.5447 to commencement the week, which is marginally little than Sunday’s precocious astatine $0.5466.

As a effect of this, ripple remains adjacent to its highest level since March 30, which saw markets highest astatine $0.5575.

Overall, the driblet disconnected from Sunday comes arsenic traders opt to unafraid gains, which coincides with the comparative spot scale (RSI) dropping retired of a enactment point.

Price spot fell beneath the level astatine 69.00 earlier successful the day, and is presently tracking astatine 67.75.

Should momentum proceed successful this direction, XRP bears volition apt people a level astatine $0.5090.

Litecoin (LTC)

On the different hand, litecoin (LTC) was 1 of Monday’s biggest losers, arsenic prices fell by arsenic overmuch arsenic 5%.

Following a precocious of $96.36 connected Sunday, LTC/USD sank to an intraday bottommost astatine the $91.79 level.

This driblet sees litecoin autumn for a 2nd consecutive session, aft a mendacious breakout of a ceiling astatine $96.00

Looking astatine the chart, prices were comparatively overbought, with the RSI hovering adjacent to a ceiling astatine 62.00, anterior to the decline.

Previous LTC bulls apt shifted their positions owed to the proximity with the aforementioned absorption point.

As of writing, the scale is present tracking astatine 52.00 aft this sell-off, with a level astatine 50.00 a imaginable landing zone.

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Will a breakout hap beneath the 50.00 level connected the RSI? Let america cognize your thoughts successful the comments.