Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, “TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.”
Tron (TRX)
Tron (TRX) was one the biggest movers on Saturday, with prices rising by as much as 11% in today’s session.
Following a low of $0.0762 on Friday, TRX/USD raced to an intraday peak of $0.08545 earlier in today’s session.
As a result of the surge, the token, which recently registered a record number of daily transactions, hit its highest point since June 2 last year.
Overall, tron is up 12.16% in the last seven days, with the latest rally leading to a breakout of a ceiling at $0.0796
The relative strength index (RSI) also moved above a resistance level of its own at 70.00, and is now tracking at 75.77.
Should this uptrend continue, there is a good chance that bulls will attempt to take the index to a higher ceiling at 79.00.
XRP
XRP, formerly ripple, hit a multi-week high to start the weekend, colliding with a key price ceiling in the process.
XRP/USD surged to a high of $0.5299 earlier on Saturday, which comes following yesterday’s low of $0.5137.
This move led to the token nearing a collision with a resistance level at $0.5300, securing its highest point since April 19 in the process.
Following this, prices have since slipped, with earlier bulls seemingly opting to secure gains.
At the time of writing, XRP is trading at $0.5234, and this comes as the RSI falls below its own ceiling at 69.00.
Price strength is now at 67.71, with the next visible floor at the 64.00 mark.
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What impact will tron’s integration on the ethereum blockchain have on the market? Let us know your thoughts in the comments.
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