XRP, formerly ripple, was once again in the red on Thursday, as price fell for a sixth consecutive session.

Following a high at $0.4889 on Wednesday, XRP/USD slipped to an intraday low of $0.4756 earlier in today’s session.

This resulted in the cryptocurrency closing in on a recent point of support around the $0.4670 region.

XRP/USD – Daily Chart

Overall, bears have controlled market momentum since a failed breakout of a resistance level at $0.5440.

At the time of writing, the relative strength index (RSI) is at 35.31, which is marginally above a floor at 31.00.

In the event the RSI reaches this point, there is a good chance that price will fall to its aforementioned floor at $0.4670.

Solana (SOL) also edged lower in today’s session, as price neared a key support level earlier in the day.

SOL/USD hit a low of $21.28 on Thursday, which comes a day after the token peaked at a level of $22.29.

As a result of the decline, the world’s seventh largest cryptocurrency dropped towards a price floor of $21.00.

SOL/USD – Daily Chart

Currently, price strength is now sitting at 48.69, which is below a support level of its own at 49.00.

Should the index continue to move further away from this point, there is a strong possibility that SOL slips closer to $20.00.

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