The xrp crypto asset rose as much as 5% on Saturday, after falling by a similar amount during yesterday’s session. This comes despite the fact that the global crypto market capitalization is moving lower, falling 0.51% at the time of writing. Litecoin was also higher to start the weekend.
XRPformerly Ripple, was back in the green on Saturday as the token rebounded from losses on Friday.
After a low of $0.418, XRP/USD reached an intraday high of $0.4501 earlier in today’s session.
The move came as bullish momentum picked up at the price low of $0.4250, after the bears failed to hold an earlier breakout.
From the chart, it looks like the bounce took place when the RSI moved away from its own support at 58.00.
At time of writing, the index stands at 60.77 and appears to be heading towards a top at the 63.00 mark.
The 10-day moving average (red) has also extended its upcross against its 25-day counterpart (blue), which could be a sign of upcoming gains.
Litecoin (LTC)
Litecoin (LTC), was another notable move to start the weekend, as prices held near a multi-week high.
LTC/USD rose to a high of $93.97 on Saturday, coming less than 24 hours after a low of $89.87.
As a result of this, litecoin is now trading near a ceiling of $94.00 and a recent three-week high of $96.11.
A catalyst for the rally was a recent cross between the 10-day (red) and 25-day (blue) moving averages.
Adding to this, the RSI is now at 57.07, which is marginally above a resistance level of 56.00.
If the bullish momentum continues to build, there is a strong possibility that LTC it will move past $100.00.
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