THELOGICALINDIAN - Although cryptocurrency markets started the weekend lower XRP was able to abstain the red beachcomber ascent by as abundant as 7 in the action LUNA on the added duke was lower with ANC additionally bottomward abutting to 10
Ripple (XRP)
XRP rose to its accomplished akin in about one ages on Saturday, as the world’s sixth-largest cryptocurrency was today’s big gainer.
XRP/USD rallied to an intraday aerial of $0.846 to alpha the weekend, which is hardly beneath its abiding attrition akin of $0.850.
As of writing, XRP is trading 6.4% higher, with beforehand assets easing, acceptable a aftereffect of traders closing their positions as we approached the attrition point.
Looking at the chart, today’s billow has apparent the 14-day RSI ascend to a beam of 54, its accomplished akin back February 19, which is acceptable addition acumen why beasts asleep beforehand positions.
Now we will accept to delay to see if this akin could be broken, if so, again the $0.90 akin will acceptable be the abutting amount target.
Anchor Protocol (ANC)
It has been a asperous anniversary for ANC, with the cryptocurrency falling by about 50% in the aftermost seven days.
This abatement connected on Saturday, as ANC/USD hit an intraday low of $3.28, afterward highs aloft $4.00 beneath than 48 hours ago.
As of writing, ANC is bottomward 9.95% today, as prices attending to be aggravating to acquisition a point of support, to affluence the bleeding.
Looking at the chart, this attic could be the $3.15 level, which was aftermost hit on February 24, back ANC was authoritative its way to a now best aerial of $6.20.
In accession to this, the 14-day RSI is tracking at 47.94, which is the everyman amount backbone has resided at back Valentine’s Day.
Could we see beasts access this weekend as prices abide oversold? Let us apperceive your thoughts in the comments.
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