LUNC up 20% on Saturday, XRP Moves Towards 1-Week High – Market Updates Bitcoin News

Terra classic rose by as much as 20% in today’s session, which comes following a recent bearish streak. Today’s rally follows Thursday’s drop to a key support point, with bulls using this as an ideal area to reenter. As it moved closer toward a level of long-term resistance, Xrp also rose.

Terra Classic (LUNC).

Terra classic (LUNC), which saw tokens rise nearly 20% on Saturday was among the biggest gainers.

After a Friday low of $0.0002671, the LUNC/USD reached an intraday high of $0.000328 today.

This was done as token reached a $0.000248 floor on Thursday. Bulls used this point as a perfect opportunity to reenter market.

According to the current writings, these bulls appear to be targeting $0.000380 resistance as an exit point.

This would require that the 14 day relative strength index (RSI), at the 55.00 mark, rise above its ceiling.

The index currently stands at 53.41. This is the highest level since its inception.

Similar to Terra Classic, XRP started the weekend green as well, due to its move closer to a crucial price ceiling.

Friday’s XRP/USD trade traded below the support level of $0.3260. Prices fell to $0.3212.

But bulls refused overpower, driving price up to $0.3571 early today.

The chart shows that XRP is nearing a resistance of $0.3610 as it was at the start of the week.

This high price will have to be reclaimed, and the RSI is nearing a resistance level of 56.00.

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Eliman Dambell

Eliman has a unique perspective on market analysis. He was previously a retail trading teacher and brokerage director. He is currently a commentator on various asset classes including Crypto, Stocks, and FX.