[ad_1]
XRP is one of the few cryptocurrencies that has endured very well in the current bearish atmosphere. Unlike the rest of the cryptocurrencies in the market, the coin does not spray blood everywhere. The currency, which effectively occupied Ethereum's position in the market, is currently trading at $ 0.41 with a market capitalization of $ 16.47 billion.
The trade volume of XRP is $ 616.94 million, most of which comes from the ZBG exchange with XRP / USDT trading pairs. Binance contributes to the same amount of trading volume but with XRP / USDT and XRP / BTC trading pairs.
1 hour:
Source: trading view
The downward trend for XRP in the chart at an hour extends from $ 0.5271 to $ 0.4186. A small upward trend is shown, ranging from $ 0.4046 to $ 0.4164. The coin has a support for $ 0.404 of land. Strength points for XRPs are set at $ 0.4270, $ 0.4614 and $ 0.5033.
Bollinger bands they are undergoing compression, which is another way to indicate low volatility. Prices are holding on the SMA line with red candles forming on it.
The Aroon the line is in full swing with the top 100, which shows that an upward trend is at stake.
The Stochastic shows a bearish crossover as the lines are hitting the 50-mark.
1 day
Source: trading view
The upward trend for XRP in the space of one day shows a promising signal, as it extends from $ 0.4145 to $ 0.2707, while the downward trend extends from $ 0.9027 to $ 0.4534. Support for XRP is set at $ 0.2627 while there are more resistance points ranging from $ 0.5821 to $ 0.6899.
MACD is collapsing after a bearish crossover, the histogram is painted red due to falling prices.
The Awesome Oscillator shows a downward crossover when the red tips have moved to the bottom of the zero line.
The Chaikin cash flow shows that the inflow of money is slightly higher than the outflow of money in the market.
Conclusion
The Aroon and Stochastic indicators both show a bearish presence in place, while the Bollinger Bands show a rather neutral position. The one-day chart looks bullish, but the MACD and AO indicators say otherwise.
Subscribe to the AMBCrypto newsletter
