Biggest Movers: BNB Snaps Losing Streak, Surging Back Above $240

Biggest Movers: BNB Snaps Losing Streak, Surging Back Above $240

BNB snapped a four-day losing streak on Tuesday, as traders moved to buy the recent dip in price. The native token of Binance fell to a six-month low to start the week, following recent sentiment surrounding the exchange. XRP also rebounded today, hitting a multi-month high.
BNB
BNB rebounded from a recent losing streak on Tuesday, as bulls rushed in to buy the recent dip in price.
After a low of $220.60 on Monday, BNB/USD climbed to a peak of $245.64 earlier in today’s session.
Tuesday’s rally sees the token move away from yesterday’s bottom, which was the lowest point price had hit since December 17.
Despite today’s rally, price is still in oversold territory, with the relative strength index (RSI) below the 30.00 mark.
At the time of writing, the index is tracking at 24.58, which is marginally above a ceiling at 24.00.
BNB is now trading at $241.98, which is close to a support point of $242.00.
XRP
Another notable gainer on Tuesday has been XRP, formerly ripple, which moved

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