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XRP, the cryptocurrency that successfully passed the etereum by market capitalization, is struggling to dodge the bear's attack on the market. The cryptocurrency continues to bleed in two digits along with other major cryptocurrencies like Bitcoin [BTC], Bitcoin Cash [BCHABC]and Litecoin [LTC].
According to CoinMarketCap, at the time of printing, XRP is trading at $ 0.2989 with a market capitalization of $ 12.23 billion. The currency shows a trading volume of 529.62 million dollars and in the last seven days has fallen by more than 19%.
1 hour chart:
Chart of prices of an hour of XRP | Source: trading view
In the one-hour chart, the currency shows a downtrend from $ 0.3815 to $ 0.3636. He also paints a fall from $ 0.3256 to $ 0.3095. The currency has an uptrend from $ 0.2940 to $ 0.3016. Immediate resistance is set at $ 0.3257 and strong resistance is set at $ 0.3443. It has immediate support for $ 0.3015 and strong support for $ 0.2938
Parabolic SAR showing a bearish wave when the points are aligned above the candlesticks.
Chaikin cash flow has entered the market share of the bull as the line has violated the zero line to take the upward direction.
Bollinger bands they started to contract, expecting a less volatile market for money.
One day:
Chart of daily prices XRP | Source: trading view
In the one-day chart, the coin shows a downtrend from $ 0.9028 to $ 0.5558. Record another steep fall from $ 0.3826 to $ 0.3059. It has immediate resistance at $ 0.3962 and a strong resistance at $ 0.5164. The coin found a support at $ 0.2622.
Klinger Oscillator He made a bullish crossover in the market.
MACD he is on the bear side while the moving average line has made a crossover to take the path down the hill.
RSI it is also predicting a bearish wave as it indicates that the currency is sold to the market.
Conclusion:
The bear has the support of the Parabolic SAR from an hour's chart and the MACD and RSI from the one-day chart. The bull has the support of Klinger Oscillator from the one-day chart and CMF from the chart of an hour.
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