XRP, the second largest cryptocurrency in the market has been wrestling the bears and slipped by a minimal percentage at press time. However, the coin did manage to register some growth before falling prey to the bear.
At press time, XRP was valued at $0.3157 with a market cap of $13.08 billion. The token noted a 24-hour trading volume of $664 million, while noting a dip by 0.07% over the past day. In the past seven days, the token observed a 1.48% price hike.
The one-hour chart of the token reported that the price of the coin shot up from $0.3173 to $0.3279, after which the coin’s price fell. The downtrend traced by the coin was from $0.3279 to $0.3252. XRP noted resistance at $0.3279 and support at $0.3167.
Bollinger Bands appeared to diverge, increasing the market volatility. The moving average line aligned above the candlesticks, marking a bearish market.
Awesome Oscillator also indicated a bearish market gaining strength.
Chaikin Money Flow pointed towards a bullish market as the marker floated above the zero-line.
According to the one-day chart of the token, a sharp uptrend was noticed by XRP from $0.2707 to $0.4574. The token started to fall from $0.5551 to $0.3251 and marked a resistance at $0.4141. The support was traced at $0.2891.
Parabolic SAR marked a bearish market as the markers aligned above the candles.
MACD line was over the signal line, marking a bullish market right after a crossover.
Relative Strength Index indicated that the buying and the selling pressures evened each other.
According to the one-hour chart and one-day chart of the coin, a bearish market was forecasted.
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