The Ripple XRP among the best performing cryptocurrencies, despite the 7% loss

Last week's bearish movements have led Ripple's XRP to become the largest market capitalization alt-in. The XRP outperformed Ethereum which suffered heavy losses in 2018. The XRP performed better than Ethereum during both the upward and downward movements, leading it to second place.

Last week saw XRP form a weekly minimum near $ 0.40. Since then it has resumed at around $ 0.52. While most other cryptocurrencies have continued to form new lows with the latest drop today, the value in XRP has been better than most and seems to meet support for the 50 daily EMA. The price is currently trading around $ 0.475.

The downward movements on the market today still have an impact on XRP. The price has tracked most of the gains of the last two days and has depreciated by around 7% in the last 24 hours. With the exception of Tether USD and Bitcoin Gold, this makes XRP the best performer in the top 20 with most double-digit recording losses.

The hourly chart shows the increase in the last two days followed by the depreciation observed in the last 24 hours. The 50 EMA is approaching the 200 EMA on the downside that would form a cross of death, a typical bearish signal. This is likely to have a limited impact on price action, given the general direction of the market which is down regardless.

Key Takeaways:

• XRP among the best cryptocurrencies in the first 20 despite a loss of 7%.
• The action on XRP prices seems to be supported by the 50 EMA newspaper.
• It seems likely that a death cross will form on the hourly table but will hardly have an important impact considering that the general direction of the markets is however bearish.

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