Biggest Movers: XRP Rises 7%, While LUNA Falls by the Same Amount

Although cryptocurrency markets started the play lower, XRP was capable to debar the reddish wave, rising by arsenic overmuch arsenic 7% successful the process. LUNA connected the different manus was lower, with ANC besides down adjacent to 10%.

Ripple (XRP)

XRP roseate to its highest level successful astir 1 period connected Saturday, arsenic the world’s sixth-largest cryptocurrency was today’s large gainer.

XRP/USD rallied to an intraday precocious of $0.846 to commencement the weekend, which is marginally beneath its semipermanent absorption level of $0.850.

As of writing, XRP is trading 6.4% higher, with earlier gains easing, apt a effect of traders closing their positions arsenic we approached the absorption point.

XRP/USD – Daily Chart

Looking astatine the chart, today’s surge has seen the 14-day RSI ascent to a ceiling of 54, its highest level since February 19, which is apt different crushed wherefore bulls liquidated earlier positions.

Now we volition person to hold to spot if this level could beryllium broken, if so, past the $0.90 level volition apt beryllium the adjacent terms target.

Anchor Protocol (ANC)

It has been a unsmooth week for ANC, with the cryptocurrency falling by astir 50% successful the past 7 days.

This diminution continued connected Saturday, arsenic ANC/USD deed an intraday debased of $3.28, pursuing highs supra $4.00 little than 48 hours ago.

As of writing, ANC is down 9.95% today, arsenic prices look to beryllium trying to find a constituent of support, to easiness the bleeding.

ANC/USD – Daily Chart

Looking astatine the chart, this level could beryllium the $3.15 level, which was past deed connected February 24, erstwhile ANC was making its mode to a present all-time precocious of $6.20.

In summation to this, the 14-day RSI is tracking astatine 47.94, which is the lowest terms spot has resided astatine since Valentine’s Day.

Could we spot bulls participate this play arsenic prices stay oversold? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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