Ripple, Polygon and Ethereum – European Wrap 21 June

XRP price shows signs of recovery after nearly ten days of tagging a stable support area. If the buyers get together and trigger a bounce, the upside will be capped due to the presence of multiple blockades.

MATIC price shows an interesting development over the last week that has led it to where it is currently trading now. A combination of two key events has led the altcoin to kick-starting a recovery.

MATIC/USDT 4-hour chart

Ethereum price is trending slightly higher on Tuesday after closing Monday with a Doji candlestick, indicating the start of a potential consolidation period. ETH bulls seeming have been able to finally stabilize somewhat the price action, which had been totally dominated by bears for the past days, weeks, and months.