Connect with us


XRP/USD Price Analysis: Token’s joy ride ends as bears take control




XRP/USD Price Analysis: Token's joy ride ends as bears take control
Source: Unsplash

XRP, once the second-largest cryptocurrency [in terms of market cap], is now the third-largest cryptocurrency as Ethereum [ETH] overtook it following the recent rally.

The price of XRP, at press time, was at $0.3252 while the market cap was at $13.25 billion. A total of $729 million in trading volume can be seen in the 24-hour time frame. Most of the trade volume for XRP [i.e., $66.27 million] is coming from ZBG exchange via the trading pair XRP/USDT.


The one-hour chart for XRP shows an uptrend which extends from $0.3047 to $0.3252. The support lines can be seen below the price candles at $0.3038 and $0.3160.

The Parabolic SAR marker has formed above the price candle, indicating a bearish move for XRP prices. In addition to the above, the one-hour chart shows a Doji candle formation, which is also a bearish sign.

The MACD indicator is in a bearish downtrend after the formation of a bearish crossover.

The Awesome Oscillator also shows that the trend for the rally has decreased and reversed as the red bars are forming below the zero-line.


The one-day chart indicates a downtrend that ranges from $0.9041 to $0.3385. An uptrend for this time frame is yet to be formed. The support line can be seen at $0.2587, while the resistance lines are seen hovering at $0.5698, $0.6880, and $0.9041.

The Aroon indicator for the one-day time frame has bounced off of the 100-line, indicating that the rally has exhausted.

The Chaikin Money Flow indicator shows that the sellers have gained momentum and that the money is flowing out of the XRP market due to overwhelming sell orders.

The Relative Strength Index shows a slightly different outlook for XRP as the RSI line is still between 75 and 50.


The one-hour chart indicates that the short-term rally has come to an end, which is confirmed by SAR, MACD, and Awesome Oscillator. The one-day time frame shows a bearish outlook for XRP in the longer timeframe as the Aroon and CMF indicators indicate a bearish trend.

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to push market forward

Yash Rajan



XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to move forward
Source: Pixabay

XRP, the third largest cryptocurrency, was priced at $0.383 agfter falling 1.87% over the 24 hours, according to CoinMarketCap. XRP held a market cap of $16.121 billion and registered $1.29 billion in 24-hour trading volume for XRP.

At press time, Stellar Lumens [XLM] was priced at $0.125, after falling 1.56% over the past 24 hours. It stood ninth on the top 10 list with a market cap of $19.302 billion and $844.41 million in 24-hour trading volume.

1-Day XRP

XRP saw an uptrend from $0.331 to $0.461 and a downtrend from $0.461 to $0.388. Resistances were at $0.458 and $0.420. Support lines were located at $0.371 and $0.285.

Source: TradingView

Source: TradingView

Parabolic SAR presented a bearish trend as the markers were above the candles.

Moving Average Convergence/Divergence [MACD] indicator was undergoing a bearish crossover.

Relative Strength Index showed a relatively overbought status for the coin.

1-Day XLM

On the one-day XLM chart, the resistance line stood at $0.143 and the support lines stood at $0.115 and $0.091. It saw an uptrend from $0.133 to $0.141. XLM also saw a downtrend from $0.142 to $0.125.

Source: TradingView

Source: TradingView

Bollinger Bands displayed an increase in volatility in the market as the bands were diverging.

Awesome Oscillator presented a bullish buying opportunity.

Chaikin Money Flow indicator was above the zero-line, indicating that money was flowing into the market.


XRP saw a fusion of bullish and bearish trends while XLM sides with the bulls after being stalled by bears for the past one month.

Subscribe to AMBCrypto’s Newsletter

Continue Reading