Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.

XRP, formerly ripple, was deep in the red on Friday, as prices fell for a third consecutive session.

Following a high of $0.4838 on Thursday, XRP/USD slipped to an intraday low of $0.4644 earlier today.

As a result of this drop, XRP fell to its lowest point since March 27, when the token was at a bottom at $0.4428.

Looking at the chart, this recent shift in momentum coincided with the 14-day relative strength index (RSI) breaking out of a floor at 57.00.

At the time of writing, the index is tracking at 42.24, which is close to a support point at 41.00.

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Author: Eliman Dambell

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