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XRP is very close to being accepted by the financial institutions as Ripple journeys on with partnerships. The prices of XRP have seen quite in the long time frame.
The price of XRP, at the time of writing, was trading at $ 0.3702, with the market cap of $ 14.69 billion. The 24-hour trading volume is holding at $ 602 million.
1-hour
Source: TradingView
The uptrend for XRP has finally come to extends from $ 0.286 to $ 0.3577, while the downtrend extends from $ 0.393 to $ 0.327. The prices for XRP in the one-hour chart are being supported at $ 0.2866. The resistance points are hanging at $ 0.3533, $ 0.3752, and $ 0.4040.
The Aroon indicator shows that the downtrend has been exhausted.
The Stochastic indicator shows a positive sign as the Stochastic line has overtaken the signal line in a bullish crossover
The Chaikin Money Flow shows a negative outlook as the CMF is below the zero-line, indicating that the money flows out of the market is still higher than the money influx into XRP markets.
1-day
Source: TradingView
The downtrend for XRP extends from $ 0.9027 to $ 0.3873, with an uptrend yet to be formed. With resistance points hanging at $ 0.5821, and $ 0.6899.
The Parabolic SAR shows a positive sign as the markers have formed below the price candles, indicating a bullish trend.
The MACD indicator shows a bullish crossover on the negative side of the zero-line and the lines are heading upwards.
The Awesome Oscillator shows green lines diminishing in height below the zero-line, indicating a possible bullish crossover.
Conclusion
The one-hour chart is lit up with candles, Aroon, Stochastic, and CMF. The one-day chart also shows positive signs which are indicated by the SAR, the MACD and the AO indicators.
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