{"id":18326,"date":"2023-03-04T15:58:24","date_gmt":"2023-03-04T15:58:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-ada-rebound-from-2-month-low-on-saturday-market-updates-bitcoin-news\/"},"modified":"2023-03-04T15:58:24","modified_gmt":"2023-03-04T15:58:24","slug":"xrp-ada-rebound-from-2-month-low-on-saturday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-ada-rebound-from-2-month-low-on-saturday-market-updates-bitcoin-news\/","title":{"rendered":"XRP, ADA Rebound From 2-Month Low on Saturday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Xrp rebounded from a two-month low to start the weekend, as prices moved back above a key support point. The token, which fell to its lowest point since January on Friday, rose by as much as 2% on Saturday. Cardano also recovered yesterday\u2019s losses.<\/strong><\/p>\n

XRP<\/a> rose higher to start the weekend, as the token formerly known as ripple rebounded from a two-month low.<\/p>\n

XRP<\/a>\/USD jumped to an intraday high of $0.3795 earlier in the day, which comes after bottoming out at $0.3664 on Friday.<\/p>\n

Yesterday\u2019s drop saw XRP<\/a> fall to its weakest point since January 11, when prices were at a low of $0.3477.<\/p>\n

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XRP<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, Saturday\u2019s recovery has sent the token back above a long-term floor at $0.3720, which was broken yesterday.<\/p>\n

Overall, the rebound appears to have taken place as the relative strength index (RSI) bounced from a floor at 43.00<\/p>\n

At the time of writing, the index is tracking at 43.48, with the next visible ceiling at the 45.00 mark.<\/p>\n

Cardano (ADA<\/a>)<\/h2>\n

In addition to XRP<\/a>, cardano (ADA<\/a>) was another token to rebound from a multi-month low on Saturday.<\/p>\n

Following a low of $0.3367 on Friday, ADA<\/a>\/USD moved to a peak of $0.3443 to start the weekend.<\/p>\n

Similar to xrp above, yesterday\u2019s move saw cardano fall to its lowest level since January 11.<\/p>\n

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ADA<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Overall, ADA<\/a> is now trading over 1.3% higher than this bottom, climbing back above a recent support point in the process.<\/p>\n

Cardano is now trading at $0.3418, which is higher than the aforementioned floor at $0.3400.<\/p>\n

The rebound in price comes despite the 14-day RSI continuing to track near an eight-week low of its own at 38.76.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Do you expect cardano to move higher in the coming days? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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