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XRP, the third largest cryptocurrency in the world, has seen a lot of market volatility in recent days and so has all the other 10 cryptocurrencies that followed the short-term Bitcoin rally above the $ 4000 point.
XRP is currently back at $ 0.37 after enjoying its short-term rally on January 6, 2019, at 17:00 UTC. XRP's market capitalization is ~ $ 15 billion, $ 1 billion from overtaking Ethereum [ETH].
1 hour
Source: TradingView
The chart at an hour of XRP shows a lot of volatility as prices have broken their lateral tendency, even if it has been for a few moments. The uptrend goes from $ 0.3601 to $ 0.3729, while the downward trend extends from $ 0.3906 to $ 0.3845. Prices still have to stop support at $ 0.3584 several times in the past. Resistance at $ 0.3771 was interrupted on the same day of the rally but became a resistance again. Subsequent points of resistance can be seen pending at $ 0.3908 and $ 0.3959.
The Aroon the lines are almost at the same downward trend, indicating that the upward trend and the downward trend are both exhausted and the cryptocurrency is undergoing consolidation.
The Chaikin cash flow it sank below the zero line, indicating that the money is coming out of the market for XRP.
The Relative strength index shows that the impulse to buy for XRP is equal to the moment of sale.
1 day
Source: TradingView
The one-day XRP chart shows an uptrend from $ 0.2931 to $ 0.3614, while the uptrend goes from $ 0.9027 to $ 0.3766. Support at $ 0.2627 is stable and resistance points at $ 0.5821, $ 0.6899 and $ 0.9027 have yet to be tested.
The Parabolic SAR markers created above the price candles and indicate a downward pressure for XRP prices.
The MACD the lines are strangely close and embrace without indicating a definite crossover.
The Awesome Oscillator shows a set of bars above the zero line that are going to red bars indicating that the momentum for XRP is decreasing [i.e., the prices are decreasing].
Conclusion
The diagram of an hour, as indicated by Aroon, CMF and RSI, shows a neutral trend for XRP in play while the one day chart shows a slightly bearish outlook for XRP as indicated by the SAR, MACD and AO indicators.
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