ZEC on the Rise, XRP Weakness Continues, POL Awaits Breakout

Crypto markets continue to search for direction after another active trading session on July 8. Zcash (ZEC) delivered the biggest move, climbing above $500 before giving back part of its gains.

Ripple's XRP extended its recent weakness as sellers pushed the price closer to an important support level around $1.07.

Polygon (POL), on the other hand, remained relatively calm, with its price approaching a breakout point that could decide today's direction.

The ZEC price currently holds above the key support of $475 after a pullback from $511. Buyers still have an advantage as indicated by the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

XRP, however, is testing major support levels after another day of selling. The RSI and Stochastic oscillator both show weak momentum in favor of sellers.

Polygon (POL) price waits for a breakout from its current trading range between $0.0758 and $0.0771. A break above or below this level could send the price toward either $0.074 or $0.078, respectively.