The crypto market saw a rebound this weekend, as XRP and Cardano both recovered from two-month lows.
XRP/USD jumped to an intraday high of $0.3795 earlier in the day, which comes after bottoming out at $0.3664 on Friday. This rebound sent the token back above a long-term floor at $0.3720, which was broken yesterday.
Cardano (ADA) was another token to rebound from a multi-month low on Saturday. Following a low of $0.3367 on Friday, ADA/USD moved to a peak of $0.3443 to start the weekend. Cardano is now trading at $0.3418, which is higher than the aforementioned floor at $0.3400.
The rebound in price comes despite the 14-day RSI continuing to track near an eight-week low of its own at 38.76.
The crypto market has been volatile in recent weeks, with NFT sales seeing a small uptick over the last week. $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68%.
It remains to be seen if the rebound in XRP and Cardano will continue in the coming days. Investors should keep an eye on the market and be aware of the risks associated with investing in cryptocurrencies.