Cryptocurrencies Price Prediction: Polygon & Ripple — Asian Wrap 07 October

Polygon’s environmental conservation reaches oceans after achieving carbon neutrality in 2022

The crypto industry has been in the crosshair of many environmentalists as the process of transaction verification and block generation tend to be power-consuming. Despite a 21% rise, MATIC continues to tread below the uptrend support line.

Why the MATIC price could fall toward $0.60 in October

Matic pride shows a few factors suggesting the uptrend may be waning. Since the middle of September, MATIC has rallied 20%. The Volume Profile Indicator shows a very sparse reading in contrast with the previous MATIC bullrun during the summer. The indicator could suggest that the uptrend is losing strength.

XRP price is setting up for a sharp decline toward $0.40, here's why

XRP price could witness a sell-off into the mid $0.40 levels if the bulls hurdle through the $0.50 barrier. XRP's failure to maintain momentum over the $0.50 threshold may result in Ripples' demise. Invalidation of the bearish thesis is a breach above $0.51.