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The XRP had a fantastic rally today as it rose 16% and the prices reached about $ 0.33, while the capitalization reached $ 14 billion.
The 24-hour time frame shows the trading volume at $ 862 million and most of the trading volume is provided by the Japanese exchange of BitBank via the exchange pair XRP / JPY as it contributes a total of ~ 16% [$158 million].
1 hour
Source: TradingView
The diagram of an hour shows an upward trend going from $ 0.2981 to $ 0.3358 and has already started to decline. The downward trend extends from $ 0.3815 to $ 0.3533. XRP broke the support at $ 0.2940 and set up a new support for $ 0.2866. The points of resistance are too far from the actual candles and are suspended at $ 0.3533 and $ 0.3752.
Parabolic SAR shows the formation of markers above prices, indicating that the upward trend has ended and that downward pressure has returned to the market.
MACD the indicator also shows bullish upside signs and bear detection when the MACD line has crossed the signal line down, indicating a clear bearish crossover for XRP.
The Awesome Oscillator shows a transition of green lines into red lines, which is a clear indication of the fall in prices.
1 day
Source: TradingView
Today's XRP rally has not dented even a little when it has been seen in the longest span of the one-day chart, since there is an upward eruption. The downward trend, however, ranges from $ 0.3379 to $ 0.9027. Prices are supported at $ 0.2627, with resistance points at $ 0.5821 and $ 0.6899.
The Aroon the indicator shows that the downtrend line has reached 100-line, which indicates that the downward trend has come from the corner and is underway. The uptrend line of the Aroon indicator for the one-day chart collapsed to indicate that the upward trend has expired.
The Stochastic indicator shows that he is trying to recover after suffering a terrible accident.
The Chaikin cash flow shows an indicator of abnormal crash that does not seem to have stopped because the sellers have taken over the XRP market.
Conclusion
The graph of one now seems sad as XRP has had its roller coaster ride upward and is now in a downward trend. which is clearly indicated by Parabolic SAR, MACD and Awesome Oscillator. The one-day XRP chart shows an equally negative downtrend for the day, as Aroon and CMF are both pointing to a downward trend, while only the stochastic indicator shows positive signs.
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