Connect with us
Active Currencies 14916
Market Cap $2,519,507,978,061.60
Bitcoin Share 51.63%
24h Market Cap Change $-2.04

XRP Price Analysis: Coin continues to show sideways movement as bear growls

1min Read

Share this article

XRP, second-largest altcoin by market cap, was valued at $0.239 with its price dropping by 1.87% over the 24-hour cycle. With a market cap of $11.046 billion, XRP recorded $10.337 billion trade volume for the past 24 hours at press time. The dominant part of the trade volume was reported on MXC trade exchange for XRP/USDT pair, as per CoinMarketCap.

Source: CoinStats

Source: CoinStats

1-Hour price chart

In 1-hour chart, XRP faced resistance at $0.319 in addition to getting support at $0.233. The coin saw its first downtrend from $0.317 to $0.279. The second downtrend started from $0.283 and ended at $0.241.

Source: TradingView

Source: TradingView

Parabolic SAR conveyed a bullish trend as the dotted markers were aligned below the candles.

RSI indicator stood at 44.09, indicating that selling pressure was high.

MACD line crossed above the signal line, revealing a bullish trend with a slight chance of reversal.

1-Day price chart

In one-day chart, XRP formed support at $0.230, with a resistance at $0.480. XRP recorded a sharp downtrend from $0.580 to $0.457. Further, the cryptocurrency recorded another downtrend from $0.473 to $0.314.

Source: TradingView

Source: TradingView

Bollinger Bands were expanding, displaying an increased volatility rate in the market.

Awesome Oscillator presented a bearish trend in the market as the long-term momentum was greater than the short-term momentum. The red lines appearing at the end indicating the possibility of a bearish market.

Chaikin Money Flow or CMF was exactly positioned at the zero-line after slight dipping. As it remained on the zero-line, it suggested that capital flowing into the market was equal to the capital flowing out of the market.


Indicators suggested that XRP stood in the bearish zone.


Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.