XRP/USD Price Analysis: Coin stagnates even after massive adoption news

The third largest cryptocurrency, XRP, was moving sideways for almost two months, without any price surge or drop. The price was stuck between a support and a resistance, and it didn’t look like it will break out any time soon.
The price of XRP at press time was $0.3217, while the market cap was at $13 billion. The 24-hour trading volume was $801 million. A huge chunk of the trading volume for XRP was coming from ZBG exchange. It contributed a total of $92 million in trading volume, via the XRP/USDT trade pair.
1-hour
Source: TradingView
The hourly chart for XRP showed an uptrend that extended from $0.3072 to $0.3187, while the downtrend extended from $0.3445 to $0.3257. The immediate support was at $0.31608, while the subsequent supports were at $0.3038 and $0.2928. The immediate resistance was at $0.3260.
The Bollinger Bands were undergoing a squeeze and indicated a reduction in the volatility of XRP. The price was dipping into the simple moving average, and indicated that the market was bearish.
The Stochastic RSI indicator showed a bearish scenario as well, but a stronger one when compared to the Bollinger Bands.
1-day
Source: TradingView
The one-day chart of XRP showed a downtrend that extended from $0.9027 to $0.3220. The price of XRP in the longer time frame showed the support at $0.2587. The resistance points for XRP were at $0.5836, $0.6880, and $0.9027.
The MACD indicator showed a declining uptrend i..e, the green Aroon line. The Aroon downtrend line was also reducing.
The Chaikin Money Flow indicator showed a subzero CMF line, which signified that money was flowing out of the XRP market.
The Relative Strength Index showed a stagnant RSI line at the 50-line, where the momentum of sellers and buyers were equal.
Conclusion
The one-hour chart showed bearish pressure for XRP incoming, as indicated by the Bollinger Bands and Stochastic RSI indicators. The CMF, Aroon and the Relative Strength indicator showed a bearish trend for XRP as well.
The post XRP/USD Price Analysis: Coin stagnates even after massive adoption news appeared first on AMBCrypto.
Source: AMB Crypto

XRP Price Analysis: Coin falls prey to bears as bulls leave coin market

XRP, the third largest coin on CoinMarketCap, witnessed a bear attack and has been since, trying to recover from it.
At press time, the token was valued at $0.3160, with a market cap of $13.09 billion. The token reported a 24-hour trading volume of $651 million, while it fell by 0.22% over the past day. In the past seven days, XRP noted a rise in price by 2.14%, but dipped by a minimal 0.09% within an hour.
1-hour
Source: TradingView
The one-hour chart for the token marked a minimal uptrend in the price of the coin, from $0.3144 to $0.3195. XRP’s price started falling from $0.3279 to $0.3251, and the token noted resistance at $0.3252. Support was noted at $0.3195.
Bollinger Bands appeared to be converging, indicating a low volatility market. The moving average line of the token was above the candlesticks, marking a bearish market.
Awesome Oscillator marked growing bearish momentum.
Chaikin Money Flow, however, marked a bullish trend for the coin, as the marker line was above the zero mark.
1-day
Source: TradingView
According to the one-day chart, a massive downtrend was traced from $0.5821 to $0.3251. The token registered a minimal rise in price from $0.2630 to $0.2926, while noting resistance at $0.3397. The coin met with another resistance at $0.4141, and support at $0.2926.
Parabolic SAR marked a bearish market as the markers were aligned above the candlesticks.
MACD line was above the signal line, marking a bull’s market.
Relative Strength Index indicated that the buying and the selling pressures evened each other out.
Conclusion
According to a majority of the indicators like Bollinger Bands, Awesome Oscillator, and Parabolic SAR, a bearish reign was forecast for XRP.
The post XRP Price Analysis: Coin falls prey to bears as bulls leave coin market appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Cryptocurrency enjoys short-term bull run as bears look for prey

On 16 March, the cryptocurrency market witnessed a surge in prices with several top coins riding the bull. Bitcoin [BTC], Ethereum [ETH] and XRP enjoyed a significant increase in prices, with Bitcoin even breaking the $4,000 barrier. XRP, which had been stuck in a sideways rut for a long time, broke the mold with the price hike.
1-hour
Source: TradingView
The one-hour chart of XRP showed an uptrend corresponding to the price hike. In the short term, the price rose from $0.317 to $0.328, as the support held at $0.313. The short-term resistance was at $0.328.
The Parabolic SAR was below the price candles and signified a bullish run for the coin.
The Relative Strength Index spiked above the overbought zone, a sign of the buying pressure being much higher than the selling pressure.
The MACD indicator diverged above the histogram after a bullish crossover. The MACD histogram was also bullish.
1-day
Source: TradingView
XRP’s one-day graph painted a picture which is opposite to that of the one-hour graph as the downtrend lowered the price from $0.522 to $0.325. The long-term support was at $0.257.
The Bollinger bands moved in a constricted fashion due to the coin’s sideways price movement over the past month. There was also a severe lack of significant Bollinger clouds.
The Chaikin Money Flow was below the zero-line and indicated that the capital leaving the market was more than the capital coming into the market.
The Awesome Oscillator indicator was almost zero due to the lack of market momentum in the XRP market.
Conclusion
The above-mentioned indicators predicted that XRP would enjoy a bull run in the short-term, however, the bears are in power on the long-term chart.
The post XRP/USD Price Analysis: Cryptocurrency enjoys short-term bull run as bears look for prey appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: XRP price buckles under bearish pressure

XRP and Ripple are both seeing massive growth since the start of 2019. The list of XRP’s use cases is growing longer with every passing day.
However, XRP’s price valuation has not been improving, despite massive developments in the community. At press time, ZRP’s price was $0.3167 and the market cap was $12.9 billion. The 24-hour trading volume was $662 million, significantly lower than the $700 million market cap in the past.
1 Hour
Source: TradingView
The one-hour chart showed a downtrend that stretched from $0.3445 to $0.3208, while the uptrend extended from $0.3072 to $0.3159. The prices were testing the immediate support at $0.3160, while another support at $0.3038 was formed below. The resistance point $0.3260 was preventing XRP from rising. The subsequent resistance point was seen at $0.3489.
The Parabolic SAR markers were seen hovering above the price candles, pressuring the prices to fall.
The MACD indicator showed a bearish crossover between the MACD and the signal line. The histogram further confirmed bearish pressure with red bars extending below zero.
The Awesome Oscillator showed a decrease in the momentum of the prices as the bars had progressed towards the bottom of the zero-line.
1 Day
Source: TradingView
The one-day chart showed a dominant downtrend that was progressing since May 2018. It extended from $0.9027 to $0.3257. The support at $0.2587 was holding XRP from dipping further below. Long-term resistance points were seen at $0.5836, $0.6880, and $0.9027.
The Aroon indicator showed a dominant downtrend as the Aroon red line was at 40-line, while the Aroon green line was at 25-line.
The Chaikin Money Flow showed a sub-zero line, indicating that the money was flowing out of the XRP market.
The Relative Strength Index showed that both the selling and buying pressure had evened each other out.
Conclusion
The SAR, MACD, and the AO indicated a bearish pressure on the XRP market in the one-hour time frame. This projection was seconded by the one-day chart and its Aroon, CMF, and RSI indicators.
The post XRP/USD Price Analysis: XRP price buckles under bearish pressure appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Cryptocurrency price falls flat as market fails to reach bullish peaks

Major coins, including Bitcoin [BTC], Ethereum [ETH] and XRP, were hurt by the cryptocurrency market’s bearish behavior. XRP was in the news frequently over its multiple partnerships, tie-ups and updates. However, these developments did not affect a serious shakeup in the coin’s prices.
1 hour
Source: TradingView
The one-hour chart for XRP showed an acute downtrend, with the price dropping from $0.344 to $0.323. The support was holding at $0.304, while the resistance was at $0.35.
The Bollinger bands underwent a divergence where the upper band and the lower band moved away from each other. The divergence may have been due to the dip in XRP prices.
The Chaikin Money Flow indicator was above the zero line, suggesting that the capital coming into the market was more than the capital leaving the market.
The Awesome Oscillator showed a slight spike after being in a lull for an extended period of time. The increase in amplitude could have been due to the increase in the XRP’s market momentum.
1 day
Source: TradingView
XRP’s one-day chart showed a price fall from $0.518 to $0.31. The long term support was at $0.262.
The Parabolic SAR showed a bearish trend as the dotted markers were found above the price candles.
The Relative Strength Index was in the middle of the graph, a sign of the equilibrium between the buying and selling pressures.
The MACD indicator was moving as a conjoined pair as the MACD line and the signal line moved parallel to the histogram. The MACD histogram was tending towards the axis due to shifting investor sentiments.
Conclusion
The above-mentioned indicators showed that XRP’s bear crisis was far from over, despite the fact that the market might see sporadic bull rises.
The post XRP/USD Price Analysis: Cryptocurrency price falls flat as market fails to reach bullish peaks appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Coin goes into a consolidation phase as volatility passes

There were major developments in the XRP community, with XRP being listed on Coinbase on February 25, 2019. This gave way to a major rumor suggesting insider trading and under the table transactions. It resulted in massive levels of volatility and price fluctuations in the coin’s price.
The price of XRP at press time was $0.3270, with a market cap of $13 billion. XRP had a 24-hour trading volume of $790 million, with ZBG exchange accounting for a total of $79 million in trading volume via the XRP/USDT trading pair.
1 Hour
Source: TradingView
The uptrend for XRP in the one-hour chart extended from $0.29144 to $0.3046, with no clear formation of a downtrend. The prices were hovering above the support at $0.3160 and $0.3046. The resistance point at $0.3489 was yet to be breached.
The Parabolic SAR markers were found below the price candles, indicating a bullish pressure for the coin.
The MACD indicator showed a bullish crossover that was underway.
The Awesome Oscillator showed a slow increase in the momentum of price action as the green lines crossed over to the top of the zero-line, indicating bullish pressure.
1 Day
Source: TradingView
The one-day chart showed a sideways movement of prices without any massive fluctuations. The downtrend extended from $0.9027 to $0.3385. The long term support at $0.2587 was holding steady and so were the resistance points at $0.5836, $0.6880, and $0.9027.
The Aroon indicator showed a diminishing downtrend falling down with the uptrend, indicating a consolidation of the prices.
The Chaikin Money Flow indicated that money was flowing out of the markets i.e the sellers were controlling the market for XRP in the one-day time frame.
The Relative Strength Index showed that the momentum of the XRP market was fairly balanced. The buying and the selling pressures were canceling each other out.
Conclusion
The one-hour time frame indicated a bullish pressure for XRP, which was further confirmed by the indicators SAR, MACD, and AO. The one-day chart indicated a consolidation phase for XRP in the long term. The indicators, RSI, CMF, and the Aroon confirmed the same.
The post XRP/USD Price Analysis: Coin goes into a consolidation phase as volatility passes appeared first on AMBCrypto.
Source: AMB Crypto

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

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.
1-hour
Source: TradingView
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.
1-day
Source: TradingView
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.
Conclusion
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.
The post XRP/USD Price Analysis: Token’s joy ride ends as bears take control appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Flattened sideways movement of prices resumes

XRP is currently the third-largest cryptocurrency in the world by market cap as per data obtained from CoinMarketCap after Ethereum took over XRP recently. However, it doesn’t seem like XRP is taking over Ethereum any time soon as the disparity between them has increased considerably.
The price of XRP, at press time, was $0.3152, with a market cap of $12.74 billion. The 24-hour trading volume of XRP is at $592 million, and the major contributor is ZB.COM via trading pair XRP/BTC.
1-hour

The uptrend for XRP ranges from $0.2952 to $0.3044, while the downtrend extends from $0.3334 to $0.3202. The support at $0.2928 is holding steady, but the resistance line at $0.3160 is currently being tested at the time of writing.
The Parabolic SAR markers have spawned below the price candles, indicating a bullish presence in the one-hour time frame for XRP.
The MACD indicator shows a bullish crossover which is still in play, and it also shows a probability of the lines crossing over to the bottom in a bearish crossover soon.
The Awesome Oscillator shows the same trend as the MACD indicator as the green lines have run out of strength and red lines with decreasing highs are being formed, indicating a depletion of the uptrend.
1-day

The one-day chart is yet to develop an uptrend for XRP. However, the downtrend extends from $0.9027 to $0.3160. The support at $0.2587 is holding good, while the resistance at $0.35836, $0.6809, and $0.9027 are yet to be tested.
The Aroon indicator shows a declining up and downtrend for XRP in the longer time frames as the Aroon up and down lines are both falling down midway.
The Chaikin Money Flow indicates a neutral stance for the money flowing in and out of the XRP market.
The Relative Strength Index also shares the same move as the CMF as the RSI line is at the 50-line, indicating a relatively equal momentum for both the sellers and the buyers.
Conclusion
The one-hour chart shows a diminishing short-term uptrend i.e., the bullish trend, which is indicated by the SAR, MACD, and AO indicators. The one-day chart for XRP shows a rather neutral trend as indicated by Aroon, CMF, and RSI.
The post XRP/USD Price Analysis: Flattened sideways movement of prices resumes appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Prices stagnate as the bears and the bulls continue to brawl

XRP, once the second largest cryptocurrency is now the third largest in terms of market cap on CoinMarketCap. The price of XRP at press time was $0.3079, with a market cap of $12.4 billion.
The 24-hour trading volume is low when compared to competing cryptocurrencies and at $412 million, most of the volume for XRP comes from the exchange ZB.COM via the trading pair XRP/USD.
1 Hour
Source: TradingView
The one-hour chart for XRP shows an uptrend that extends from $0.2952 to $0.3046, while the downtrend ranges from $0.3334 to $0.3093. The support at $0.2928 and $0.3038 are both holding the prices from falling. The price of XRP is currently bouncing off the resistance at $0.3160.
The Parabolic SAR markers are forming above the price candles indicating a bearish pressure on the prices.
The MACD indicator shows a crossover to the top, as the MACD and the Signal line are undergoing a bullish crossover. The histogram shows increasing green bars developing over the zero-line.
The Awesome Oscillator shows the same projections as the MACD, as it has also undergone a bullish crossover. The green bars developing over the zero-line indicates an increasing momentum.
1 Day
Source: TradingView
The longer time frame for XRP shows a dominant downtrend with no signs of a strong uptrend evolving. The downtrend extends from $0.9027 to $0.313. The support at $0.2587 is the only thing holding the prices from spiraling downwards. The resistance points at $0.5836, $0.6880 and $0.9027 will be tested soon considering how the prices are behaving.
The Aroon indicator shows a simultaneous increase of both the uptrend and the downtrend as the Aroon green and the red lines are both heading upwards.
The Chaikin Money Flow indicator is still below the zero-line indicating that the sellers are still pressuring the buyers i..e, the money is still flowing out of the market.
The Relative Strength Index shows the same scenario as the CMF as the RSI line is below the 50-line. This indicates that the sellers are dominant in the XRP market.
Conclusion
The one-hour chart shows bullish signs for the shorter time frame as confirmed by the MACD and AO indicator, contrary to the bearish indications of the the SAR indicator. The Aroon, CMF and the RSI all indicate a stagnant and sideways motion with a slightly bearish outlook for XRP in the longer term.
The post XRP/USD Price Analysis: Prices stagnate as the bears and the bulls continue to brawl appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Bulls carry coin ahead while bear sharpens its claws

The cryptocurrency market had been under the bear’s vice and this contributed to XRP slipping from its second position on CoinMarketCap in terms of market cap, to third this month. Ethereum [ETH] took over XRP’s place in the market and it appears that the two coins are in a tough fight for the spot.
At press time, XRP was valued at $0.3032, with a market cap of $12.4 billion. The coin registered a 24-hour trading volume of $407 million, with a minimal fall of 0.27% over the past day. The coin noted a growth of 3.55% over the past seven days while registering a rise of 0.17% over the past hour.
1-hour

Source: TradingView
The coin’s one-hour chart indicates a downtrend from $0.3215 to $0.3128, followed by another downtrend from $0.3176 to $0.3093. XRP drew a resistance at $0.3107 and a support at $0.3059.
Bollinger Bands appear to be converging, indicating reduced volatility in the market. The moving average line is under the candles, suggesting a bullish trend.
Awesome Oscillator points towards a weakened bullish momentum.
Chaikin Money Flow has the marker above the zero-line, indicating that money is flowing into the market and that a bullish ride may be in the offing.
1-day

Source: TradingView
The one-day chart of the coin marks an uptrend from $0.2707 to $0.4785 and a downtrend from $0.5558 to $0.4785. The coin traced resistance at $0.3276 and support at $0.2926.
Parabolic SAR points towards a bearish reign as the markers have aligned themselves above the candlesticks.
MACD line is over the signal line, marking a bullish market.
Relative Strength Index indicates that the buying and the selling pressure are evening each other out.
Conclusion
As per the indicators, Bollinger Bands, Awesome Oscillator, Chaikin Money Flow and MACD, a bullish trend is forecast. However, the lingering presence of the bear cannot be ignored.
The post XRP/USD Price Analysis: Bulls carry coin ahead while bear sharpens its claws appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Breakout of the prices to the upside is imminent

XRP has moved down to the third spot while Ethereum [ETH] has taken up its second spot in terms of market cap. The price of XRP at the time of writing was $0.3138 and the market cap of XRP was $12.69 billion.
The 24-hour trading volume of XRP was at $513 million while most of the trading volume is coming from ZB.COM exchange via XRP/BTC trade pair. ZB.COM contributes a total of 9.19% of the total trading volume.
1-hour
Source: TradingView
The one-hour chart for XRP shows an uptrend that extends from $0.2952 to $0.3043, while the downtrend ranges from $0.3390 to $0.3160. The support at $0.29288 has not been tested ever since the spike on February 8, 2019. The resistance point at $0.3038 is now a support as the prices have successfully breached. The subsequent resistance at $0.3160 was tested on February 13, 2019, at 05:00 UTC.
The Parabolic SAR markers are indicating a bullish trend as the markers have formed below the price candles. It could be a possible reversal in a short-term trend
The MACD indicator shows a bearish crossover that is rising up looking stronger, as the gap between the MACD and the signal line has increased. The histogram shows a gradually rising trend.
The Awesome Oscillator shows a rising momentum for XRP prices as well since the green bars on the histogram are increasing in length.
1-day
Source: TradingView
XRP in the one-day chart shows only a downtrend that is dominant and spreads from $0.9027 to $0.3134. The support at $0.2587 is the only thing holding the prices from collapsing. The long-term resistance can be seen in three distinct points, $0.5836, $0.6880, and $0.9027.
The Aroon indicator shows a collapse of both the uptrend and the downtrend, as both the Aroon green and red lines have reached the zero-line. This might indicate an upcoming sideways trend for the asset.
The Chaikin Money Flow indicator shows that the money flowing into the market and flowing out of the market are both canceling each other out since the CMF line is at zero-line.
The Relative Strength Index shows a neutral position from the buyer and seller perspectives since the RSI line is at 50. This indicates that the buyer and the seller momentum is equal.
Conclusion
The one-hour chart shows a bullish overall trend as indicated by the SAR, MACD, and AO indicators. The one-day chart shows a rather neutral stance for XRP in a larger time frame. The indicators [Aroon, CMF, and RSI], all show a balance and sideways hinting trend.
The post XRP/USD Technical Analysis: Breakout of the prices to the upside is imminent appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: The bulls take the prices to a short-term rally

The bulls seem to have entered the XRP markets as the price of XRP has been constantly pumping, taking it for a short rally. The current price of XRP at the time of writing was at $0.29 with a market cap $12 billion.
The 24-hour price change of XRP is 1.73% and the trading volume for 24-hour is $442 million, most [$52 million] of the trade volume for XRP is from ZB.COM exchange via XRP/BTC trade pair.
1 Hour
Source: TradingView
The one-hour time frame shows no uptrends, but a downtrend that extends from $0.3392 to $0.3049. The support for XRP can be seen at $0.2928, while the resistance lines can be seen at $0.3049 and $0.3160.
The Parabolic SAR markers are seen spawning below the price candles which indicates a bullish momentum for the XRP markets.
The MACD indicator is undergoing a bullish cross over as the MACD line has crossed the signal line to the top.
The Awesome Oscillator shows a shift in the color of the bars, which indicates a shift, an increase in the momentum of the prices.
1 Day
Source: TradingView
The downtrend for the XRP prices in the one-day chart extends from $0.9027 to $0.3276, but there is not clear uptrend visible yet in the longer time frame which indicates that the prices haven’t made any significant moves lately. The support for the longer time frame chart can be seen at $0.2587, while the resistance points can be seen at $0.5836, $0.6880, and $0.9041.
The Aroon indicator shows a rising green Aroon line indicating that the uptrend is in full swing and in control of the XRP markets.
The Stochastic indicator shows a probable bullish crossover just around the corner.
The Chaikin Money Flow shows an increasing greenline trying to cross above the zero-line, indicating that the buyers are coming into the XRP market.
Conclusion
The one-hour chart is lit with bull signals all across the chart as indicated by SAR, MACD, AO indicators. The one-day chart shows a bullish sign with all of its indicators [Aroon, Stochastic, and CMF]
The post XRP/USD Price Analysis: The bulls take the prices to a short-term rally appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Signs of a small bull run imminent in the shorter time-frame

XRP, the second-largest cryptocurrency in the world, still holds its position with a market cap of $13 billion and 24-hour trading volume at $370 million.
Most of the trade volume for XRP comes from ZB.COM exchange via trade pair XRP/BTC. The price of XRP is at
$0.32, however, is on a slight rise today.
1-hour
Source: TradingView
The uptrend for XRP in the one-hour time frame has vanished into thin air, while the downtrend strengthens as it extends from $0.3860 to $0.3247. The support at $0.3205 was breached January 20, 2019, at 12:00 UTC. The prices have resurfaced after a brief dip. The resistance at $0.3426 and $0.3806 are holding steady.
The Parabolic SAR indicator shows a positive trend for XRP as it is seen placed below the price candles in the charts.
The MACD indicator shows a bullish crossover, which started at 22:00 UTC and is close to crossing over to the top of the zero-line.
The Awesome Oscillator also shows decreasing green bars that have spawned and are at the verge of crossing over to the top of the zero-line, indicating a bullish crossover.
1-day
Source: TradingView
XRP’s trend lines in the one-day chart show a similar trend where the uptrend has not gained significant momentum yet. The uptrend extends from $0.2931 to $0.3215. The downtrend ranges from $0.9027 to $0.3754. In this timeframe, XRP being supported at $0.2627, while resistance lines are still holding strong at $0.5821, $0.6899, and $0.9027.
The Aroon indicator shows a downtrend that has gained excessive momentum, while the uptrend is failing to neutralize it.
Chaikin Money Flow, as seen in the chart above, has crashed and burned, indicating that the larger timeframe for the coin is in the bear’s territory.
The RSI shows a similar construct for XRP as the momentum of sellers is increasing, while the buyers are shying away from them.
Conclusion
The one-hour shows a bullish trend for XRP’s prices, as all the indicators [SAR, MACD, and AO] show that bulls’ are taking the prices on a rally. The longer timeframe for XRP shows a slight bear trend as the indicators Aroon, CMF, and RSI all indicate a downtrend.
The post XRP/USD Technical Analysis: Signs of a small bull run imminent in the shorter time-frame appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: The bulls are nowhere to be seen as the bears have pressured them out

XRP prices have decided to take a break after their massive Christmas rally along with other cryptocurrencies. The prices for XRP are currently trading at $0.37 with a market cap of $15.29 billion.
The 24-hour trading volume can be seen hanging at $761 million with most of the trading volume coming from a Japanese exchange called, Bitbank via the trading pair, XRP/JPY. This exchange contributes to a total of ~13% of all the trading volume. Korean exchange, Upbit follows this exchange contributing a total of 10% of trading volume via the trading pair XRP/KRW.
1 Hour
Source: TradingView
The uptrend for XRP ranges from $0.2919 to $0.3794, while the downtrend extends from $0.4551 to $0.3841. The prices are being supported at new support which was formed after the downtrend that began on the Christmas Eve and ended on December 25, 3:00 UTC. The support at $0.3771 is holding the current prices from sinking deeper. The resistance points are seen hanging at $0.4040 and $0.4554.
The Parabolic SAR markers are formed above the price candles and seem to be presenting a bearish pressure for XRP prices.
The MACD tried hard to get rid of the bullish crossover and get above the zero-line but failed as it underwent another bearish crossover due to bearish pressure.
The Awesome Oscillator shows a bearish crossover, as well as the red bars, have migrated to the bottom of the zero-line.
1 Day
Source: TradingView
The one-day chart for XRP shows no sign of an uptrend but the downtrend extends from $0.4141 to $0.9027. The prices in the longer time frame are supported at $0.2627, while the resistance lines can be seen at $05821, $0.6899, and $0.9027.
The Bollinger Bands are seen to be shrinking as the volatility has left the market for XRP, the prices are well above the simple moving average which indicates a bullish trend.
The RSI is also trending in an uptrend fashion and struck the 60-line, which indicates that the buying momentum in the market is high.
The Chaikin Money Flow indicates otherwise as it is still below the zero-line and is undergoing a bearish divergence.
Conclusion
The one-hour chart for XRP shows a bearish downtrend, but the prices are holding above the major support line. The bearish trend is clearly indicated by the SAR, MACD, and Awesome Oscillators. The one-hour for XRP is showing partial bullish pressure in the market, while the money is still flowing out of the market as indicated by the CMF, which is undergoing a bearish divergence.
The post XRP/USD Technical Analysis: The bulls are nowhere to be seen as the bears have pressured them out appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Fun roller-coaster ride is over; bear attack imminent

XRP had a fantastic rally today as it rose by 16% and the prices reached an approximate $0.33, while the market cap reached ~$14 billion.
The 24-hour time frame shows the trading volume at $862 million, and most of the trading volume is contributed by Japanese exchange BitBank via the trading pair XRP/JPY as it contributes a total of ~16% [$158 million].
1-hour
Source: TradingView
The one-hour chart shows an uptrend that extends from $0.2981 to $0.3358 and has started receding already. The downtrend extends from $0.3815 to $0.3533. XRP has broken the support at $0.2940 and set up a new support at $0.2866. The resistance points are too far from the actual candles and are hanging at $0.3533 and $0.3752.
Parabolic SAR shows the formation of markers above the prices, indicating that the uptrend has ended and bearish pressure has rolled back into the market.
MACD indicator also shows receding bullish signs and a take over by bears as the MACD line has crossed the signal line to the bottom, 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 decrease in prices.
1-day
Source: TradingView
Today’s XRP rally didn’t dent even a little bit when seen in the longer time frame of the one-day chart, as there is uptrend erupting. The downtrend, however, ranges from $0.3379 to $0.9027. The prices are being supported at $0.2627, with resistance points hanging at $0.5821 and $0.6899.
The Aroon indicator shows that the downtrend line has hit the 100-line, which indicates that downtrend has come around from the corner and is in progress. The uptrend line in the Aroon indicator for one-day chart has collapsed to the bottom indicating that uptrend has expired.
The Stochastic indicator shows that it is trying to recover after undergoing a terrible crash.
The Chaikin Money Flow shows a crashed indicator that doesn’t seem to be stopping as sellers have taken control over the XRP market.
Conclusion
The one-hour chart looks grim as XRP has had its upward roller coaster ride and is now on a downward trend. which is clearly indicated by Parabolic SAR, MACD, and Awesome Oscillator. The one-day chart for XRP shows an equally bleak downtrend for the day, as the Aroon and CMF are both indicating a bear trend, while only Stochastic indicator shows positive signs.
The post XRP/USD Technical Analysis: Fun roller-coaster ride is over; bear attack imminent appeared first on AMBCrypto.
Source: AMB Crypto