LUNC Up 20% Saturday, XRP Moves to 1-Week High – Market Updates Bitcoin News

Terra Classic rose as much as 20% in today’s session, following a recent bearish streak. Today’s rally follows Thursday’s drop to a key support point, with bulls using this as a good opportunity to re-enter. Xrp was also higher as it neared long-term resistance levels.

Terra Classic (LUNC)

Terra classic (LUNC) was one of the best performers on Saturday as the token surged nearly 20% to start the weekend.

Following Friday’s low of $0.0002671, LUNC/USD rose to an intraday high of $0.000328 earlier today.

The move came as the token fell to the 0.000248 floor on Thursday, with bulls using this as a good place to re-enter the market.

Biggest movers: LUNC up 20% on Saturday, XRP goes to 1-week high
Lunch / Dollar – Daily Chart

As of writing, these bulls now seem to be targeting the $0.000380 resistance level as an exit zone.

If this happens, the 14-day Relative Strength Index (RSI) will first need to break through its ceiling at the 55.00 mark.

Currently, the index is tracking at 53.41, which is the highest point since the beginning of the week.

Like terra classic, XRP was in the green to start the weekend as the token neared a key price ceiling.

On Friday, when XRP/USD traded itself below the $0.3260 support point, the price dropped to $0.3212.

However, the bulls refused to budge, pushing the price higher to $0.3571 earlier today.

Biggest movers: LUNC up 20% on Saturday, XRP goes to 1-week high
XRP/USD – Daily Chart

Looking at the chart, XRP is now approaching the $0.3610 resistance level, which was the level at the beginning of the week.

To recapture this high, price strength needs to increase further, especially as the RSI approaches the 56.00 resistance point.

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Will we see crypto prices stall before next week’s interest rate decision? Let us know your thoughts in the comments.

Ilya Dumbledore

Elliman brings a unique perspective to market analysis, having previously been a brokerage director and retail trade instructor. Currently, he works as an analyst in various asset classes including Crypto, Stocks and FX.

Image credits: Shutterstock, Pixabay, Wiki Commons

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