Ripple Technical analysis of the price – Do you want to invest in Ripple XRP?

December 2, 2018 Ripple

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The XRP community is very eager to see if it will be ruled as a security or not, and with the president of the SEC, Jay Clayton avoiding commenting on the issue becomes more tense. The XRP underwent a rally and the 24-hour change of 4.25% and the rose price of $ 0.40.

Current price: $ 0.38

Market Cap: $ 15.42 billion

Commercial volume: $ 705.63 million

Price analysis report of the corrugations for 1 day trading

Price analysis of undulations

The uptrend for XRP extends from $ 0.27 to $ 0.36 over the longer span of time, but currently prices are falling.

The downward trend, on the other hand, extends from $ 0.90 to $ 0.39. Similar to the downward trend in the charts of an hour, the trend is following the price collapse.

Support for XRP in the 1-day chart is set to $ 0.26, new support for $ 0.36 can be formed at the time of writing.

Indicators that influence the XRP price

Bollinger Bands are expanding after a period of squeeze and prices have decided to touch the lower band and reach it, indicating that prices are oversold for XRP.

The Aroon indicator shows an upward trend has run out more than the downward trend.

Price analysis report of undulations for 1 hour of trading

XRP prices have seen an uptrend that extends from $ 0.35 to $ 0.38 and struggle to reach the previous low of $ 0.40.

The downward trend for XRP goes from $ 0.50 to $ 0.40, but prices have decided to fall further as indicated in the price chart.

The only support for XRP is set at $ 0.33, as it has violated any other support set previously.

There are some Resistance points that XRP must break to start the next rally. The resistance points from low to high are as follows, $ 0.40, $ 0.42 and $ 0.46.

Indicators that influence the XRP price

The RSI is falling, indicating that buyers have exhausted their power and sellers are slowly entering the market.

The RVGI index shows a downward bearish crossover indicating a bearish presence in the market for XRP.

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