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The XRP is part of the list of cryptocurrencies that has been hit by market declines. Ripple's product, which currently holds the number two position in the cryptocurrency rankings, has broken many price supports and found it difficult to get the bullish shift.
1 hour
The XRP chart of an hour shows a support of $ 0.289, with an immediate resistance of $ 0.326. The recent downward trend has bought prices from $ 0.311 to $ 0.296.
The Parabolic SAR it was predominantly bearish with the markers remaining above the price candles. In an immediate scenario, the PSAR shows bullish signals.
The Relative strength Index, after recovery from the oversold area it is located just below the center of the graph. This is an indication that sales pressure is more than buying pressure.
The Chaikin cash flow the indicator remained below the zero line. This means that the money that comes out of the market is more than the money that enters the market.
1 day
The daily chart for XRP does not depict a better image for cryptocurrency without recent uptrend. The latest uptrend has seen the cryptocurrency rise to $ 0.573, while the following downward trend has witnessed the fall of the cryptocurrency from $ 0.516 to $ 0.306.
The Bollinger band began a divergence with the downward trend taking charge. The size of the Bollinger cloud has also been reduced due to the reduced magnitude of trend variations.
The MACD the indicator shows a joint movement on the signal line and on the MACD line. Both lines crashed on the bottom, showing the bear stronghold. The MACD histogram has also remained red for the past three weeks.
Conclusion
The indicators mentioned above all take the part of the bear without any bullish reward in sight. By the end of 2018, the "crypto-winter" seems to be strong, demonstrating that analysts who have predicted a prolonged run for the bears, run.
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