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Luna Classic Bounces Back 5%, XRP Also Rallies

Luna Classic Bounces Back 5%, XRP Also Rallies

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Terra classic rose as much as 20% today. This comes after the downpipe. Today’s rally comes after Thursday’s drop to a critical support level, which the bulls see as an opportunity to get back in. Xrp also moved closer to the long-term resistance level.

Terra Classic (LUNC) Price update

Terra classic (LUNC), one of the biggest gainers, saw the token rise nearly 20% to start the weekend.

After hitting a low of $0.0002671 on Friday, LUNC/USD rose to an intraday high of $0.000328 today.

This was done after the token hit a low of $0.000248 on Thursday. The Bulls used this as an entry into the market.

It looks like these bulls are currently targeting the $0.000380 resistance as a potential exit zone.

To achieve this, the 14-day Relative Weakness Index (RSI) must first break above the ceiling at 55.00.

The index is currently at 53.41. This is the highest level since the beginning of the week.

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XRP Price Update

XRP, like Terra classic, was also green to start the weekend. The token was closer to the key price cap.

On Friday, XRP/USD broke below the $0.3260 support level and prices fell to $0.3212.

The bulls refused to give up and the price reached $0.3571 earlier today.

The chart shows that XRP is currently near the resistance level near $0.3610. This was its level at the beginning of the week.

This high price needs to be recovered and the RSI is approaching the resistance level of 56.00.

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The post Luna Classic Bounces Back 5%, XRP Also Rallies appeared first on The Daily Encrypt.

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