LUNC up 20% on Saturday, XRP near one-week high

Terra classic gained by as much as 20% in yesterday’s session, which follows a recent bearish run. The rally follows Thursday’s drop to a key support point, with the bulls using it as an ideal area to re-enter. The Xrp also climbed sharply, approaching a long-term resistance level.

Terra Classic (LUNC)

Terra classic (LUNC) has been one of the most notable gainers, with the token rising nearly 20%. After a low of $0.0002671 on Friday, LUNC reached an intraday high of $0.000328 . This move came as the token hit a low of $0.000248 on Thursday, with bulls using it as an ideal point to re-enter the market.

Read:  "Urgent need to ease bureaucracy for doctors to get back to being doctors."

Biggest Moves: LUNC up 20% on Saturday, XRP hits one-week high.
LUNC – Daily Chart

It appears that these bulls are now targeting a $0.000380 resistance level as a potential exit zone. If this were to happen, the 14-day Relative Strength Index (RSI) would first have to break through a ceiling at 55.00.

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

Like terra classic, XRP was also in the green for this weekend, as the token approached a key ceiling price. On Friday, XRP found itself trading below a support point of $0.3260, with prices falling as low as $0.3212.

However, the bulls refused to be defeated, pushing the price to a high of $0.3571.

Read:  Peruvian Congress denies Castillo permission to attend Gustavo Petro's investiture

Biggest Moves: LUNC up 20% on Saturday, XRP hits one-week high.
XRP – Daily Chart

Look at the chart, XRP is now approaching a resistance level of $0.3610, which was its level at the beginning of the week. In order to regain this high, the price strength will have to increase further, especially since the RSI is approaching a resistance point of 56.00.

The Best Online Bookmakers February 28 2024

BetMGM Casino

Bonus

$1,000