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Through the cryptocurrency council, XRP is the only currency to witness green figures after the market crash. Furthermore, the currency managed to hold second place after competing on Ethereum [ETH].
At the time of writing, the token was up 0.15%, trading at $ 0.47 with a market capitalization of $ 19 billion. The total trading volume of 24 hours was recorded at
1 hour:
XRPUSD 1 hour candelabras | Source: tradingview
The 1-hour analysis of XRP candlesticks shows two trend lines in which the downtrend extends from $ 0.51 to $ 0.48 and the uptrend trend extends from $ 0.43 to $ 0.47 . It's a clear indication of a trend breakout while the trend lines are going to collide with each other.
The Parabolic SAR it is currently negative on the fate of the currency. The points are aligned above the candelabra, pushing the price down.
The Awesome Oscillator it's bullish on XRP since the bars are green right now.
The Chaikin cash flow It is seen to take a downward approach to predict a bearish forken market.
1 day:
XRPUSD 1 day candlesticks | Source: tradingview
In the 1-day scenario, the XRP price trend is witnessing an uptrend from $ 0.27 to $ 0.47 and a resistance level set at $ 0.58. The support line is forming an upward triangle with the resistance level, suggesting a progress in the XRP market.
The Bollinger bands they do not foresee greater volatility in price trends. However, the bands left room for prices to float, forming a large tunnel model.
The MACD he just made a bearish crossover with the signal. The reading line is approaching lower with the bear.
The RSI has taken a neutral position on the subject. The indicator moved down but began to travel horizontally, denying to confirm the fate of the currency.
Conclusion:
In this technical analysis, most indicators are projecting a negative price trend for XRP. A trend breakout is also expected, but the Bollinger Bands have suggested low volatility on the market.
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