The crypto asset XRP gained 5% on Saturday, after declining by the same amount during yesterday’s session. This comes despite the global crypto market cap being lower, falling 0.51% at the time of writing. Litecoin was also higher to start the weekend.
XRPRipple, formerly Ripple, was back in the green on Saturday as the coin rebounded from Friday’s losses.
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After a low of $0.418, XRP/USD reached a high of $0.4501 earlier in today’s session.
The move accelerated to a price bottom at $0.4250 after the bears failed to sustain the earlier breakout.
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From the charts, it appears that the rebound happened as the Relative Strength Index (RSI) moved away from its support at 58.00
As of writing, the index is tracking at 60.77, and is moving towards a higher range of 63.00 mark.
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The 10-day (red) moving average has also extended an upward cross over its 25-day (blue) counterpart, which could signal further gains ahead.
Litecoin (LTC,
Litecoin (LTC), was another notable mover to start the weekend, as prices remained close to multi-week highs.
LTC/USD climbed to a peak of $93.97 on Saturday, coming in less than 24 hours from a low of $89.87.
As a result, Litecoin is now trading near the range high of $94.00, and recently hit a three-week high of $96.11.
A catalyst for the rally was the recent crossover between the 10-day (red) and 25-day (blue) moving averages.
Besides, the RSI is now tracking at 57.07, which is slightly above the 56.00 resistance.
Should the bullish momentum continue to increase, there is a strong possibility LTC will exceed $100.00.
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