28 December 2018 08:53 UTC
The price of $ XRP has fallen over twenty-four hours. The last price at the time of printing is .34242 USDT. In Binance's moderate to heavy volume trading, the daily change is -4.55%, or -0.01631 USDT:
|$ Changing the XRP price|
|24 hours||-4.55||-, 01631|
|7 days||-3,28||-, 01163|
|1 month||-12.69||-, 04978|
Investing.com has a title "Asian stock exchanges are advancing after the recovery of Wall Street". There is little or no correlation between stock prices and the price of the crypt, based on a five-year chart comparison of stock and crypto movements.
[Latendenzaè"down"quandoil[Trendis"down"whenthe[Latendenzaè”giù”quandoil[Trendis”down”whenthethree days price movement is predominantly downward.]
Depth of the market in real time
The depth of the market in real time is strongly bearish.
Tap / click to enlarge:
Luckily, $ XRP danced on a slightly different track than the descending $ BTC. Ripple enjoyed a nine-day Christmas Rally that began on December 15th. From a minimum of 0.28050 on December 14th, the XRP rose to a maximum of 45,000 on December 23rd. So three days of descent, but not recover all the gain of the rally.
Moving Average Convergence Divergence (MACD)
The MACD on the four-hour chart is strongly bearish. There have been twenty consecutive four-hour sessions, most of which are strongly bearish.
[MACD is a trend-following momentum indicator]
Exponential Moving Averages (EMA)
|7 days||0.34.536 thousand|
|25 days||0.35.92 thousand|
|99 days||0.35.185 thousand|
The short-term EMA (7) on the four-hour chart is below the average EMA (25) and the long-term EMA (99) in that order, and points south . This is a bearish state.
[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]
Relative Strength Index (RSI)
The Relative Resistance Index in the chart at one hour is 43.6. This is a neutral state.
The RSI indicators at one, two, four, six, twelve hours and daily are all in the neutral zone.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
Bitcoin price modifier $ BTC
The 24-hour change in Bitcoin $ BTC is -4.39%. This can exercise a bearish influence on Ripple today.
[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]
Ripple $ XRP Price Outlook
- the outlook of Ripple's XRP $ price is bearish
- if the price finds acceptance at higher levels, the higher resistance is printed at .375
- if the price finds acceptance at lower levels, the main support prints at .325
Resistance levels: .375 .360 .344
Support levels: .325 .328 .333
Invalidation: this perspective is no longer valid if the activity took place outside the resistance or support levels or outside the duration of short-term analysis.
Duration of analysis: twelve hours
This ratio is for a short duration of twelve hours. The analysis is time sensitive.
[Analysis duration is the “best before date”, calculated from report generation at December 28 2018 08:53 UTC.]
Comparing our perspectives with independent and automated results from Investing.com:
Asset: Ripple $ XRP
Summary: strong sale
Moving averages: strong selling
Technical indicators: sell
The author retains Ripple $ XRP at the time of writing.
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