- XRP and LUNC price performance all year long was a double-digit decline.
- XRP might drop below $0.52 following the downward momentum shown by the AO.
- From a bullish perspective, LUNC might change hands at $0.00011 soon.
If there are two cryptocurrencies with glaring underwhelming performance this year, then it is Ripple (XRP) and Terra Classic (LUNC). On a Year-To-Date (YTD) basis, the price of LUNC has decreased by 25.86%.
For XRP, it has been a struggle, as had lost 16.16% of its value since the year began. In recent days, not much has changed as the tokens continue to underperform.
However, traders may be watching these tokens, and wondering when sellers will get exhausted and if the prices will rebound. In this analysis, Coin Edition evaluated the short to mid-term potential of XRP and LUNC.
Ripple (XRP)
XRP’s price at press time was $0.52. The token was able to reach this level after sellers got exhausted at $0.49, and bulls were able to drive past the $0.51 resistance.
From the 4-hour XRP/USD chart, there was another resistance at $0.54. If bulls can break through this path, then…
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