Although the cryptocurrency market started lower over the weekend, XRP was able to avoid the red wave, gaining 7% in the process. On the other hand, LUNA was lower and ANC fell almost 10%.
XRP rose to its highest level in almost a month on Saturday as the world's sixth largest cryptocurrency was the big winner of the day.
XRP / USD started the weekend up to an intraday high of $0.846, slightly below its long-term resistance at $0.850.
At the time of writing, XRP is trading 6.4% higher, with earlier gains slowing down, likely as a result of traders closing positions as we approach resistance points.
Looking at the K chart, today's spike has seen the 14-day RSI climb to the upper limit of 54, the highest level since Feb. 19, which could be another reason for the longs to close out their early positions.
Now we will have to wait to see if this level will be broken, and if so, then the $0.90 level could be the next price target.
Anchor Protocol (ANC)
It's been a tough week for ANC, with cryptocurrencies down nearly 50% in the last 7 days.
This decline continued on Saturday, as ANC/USD hit an intraday low of $3.28 after reaching a high above $4.00 less than 48 hours ago.
At the time of writing, ANC is down 9.95% today as prices appear to be trying to find support to ease the bleeding.
Looking at the K chart, this lower limit could be the $3.15 level, last touched on Feb. 24, when ANC was heading toward its current all-time high of $6.20.
On top of that, the 14-day RSI is tracking at 47.94, which is the lowest price strength since Valentine's Day.
As prices remain oversold, could we see the bulls heading into the end of the week? Let us know what you think in the review.