Crypto analysis: XRP (Ripple) and Polygon chart analysis

 Cryptocurrency chart analysis:

XRP (Ripple) price prediction:

XRP crypto chart analysis by Cryptocrit

Ripple (XRP) is currently trading at $0.619 USD with a 24-hour trading volume of $1,293,136,918.70 USD. The price of XRP has increased by 3.73% in the past 24 hours and has decreased by 4.04% in the past 7 days. XRP has a circulating supply of 54 Billion XRP, with a market capitalization of $32.89 Billion USD.

The cost of XRP went down by 6% this week because the alternative coin had a setback. There's an ongoing legal case between the US Securities and Exchange Commission (SEC) and Ripple, a big payment company. People are talking about a meeting that happened in private on November 30 between these two groups. Some think they might come to an agreement soon.

On Thursday, the price of XRP is $0.6105, and it hasn't changed in the last day. Last week, the special coin connected to XRP Ledger, which is a kind of technology, lost 6% of its value. If Ripple, the company that helps with payments between countries, and the SEC settle their disagreement, it's expected that XRP's price will go up again. The news about a secret meeting between these two groups has made people think that maybe they'll find a solution to the legal problem soon.

Polygon (MATIC) price analysis:

Polygon crypto chart analysis by Cryptocrit

Polygon (MATIC) is trading at $0.78 USD with a 24-hour trading volume of $1.91M USD. The price of MATIC is up 0.25% since last hour, up 3.78% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $7.22B USD. MATIC has a circulating supply of 9.28B coins and a max supply of 10.00B MATIC.

The price of Polygon's native token, MATIC, went down a lot in the last week. It dropped by 15% in seven days, and there's a chance it might drop even more.

MATIC is an important token for the Polygon network, which helps with scaling. On Tuesday, its price fell below an important range of $0.84 to $0.86. According to the In/Out of the Money indicator on into the Block, 14,240 wallet addresses bought 4.13 billion MATIC tokens in this price range. This might mean that many people who own MATIC now have less value in their wallets than what they initially invested.