- There is no directional movement in the market, but the overall downtrend can be concluded on the daily chart.
- Cryptocurrency assets are traded on a daily moving average of over 20, 50, 100 and 200.
- The XRP / BTC pair is 0.00001713 BTC with a gain of 0.28%.
The XRP Ledger is an open source, unlicensed, decentralized technology. Benefits of the XRP ledger include its low cost, speed, scalability, and inherently environmentally friendly attributes. The XRP Ledger will showcase a variety of payment-related applications and use cases, including micropayments, DeFi, and soon NFTs.
The XRP The price is not pointing, but the coin is trying to accumulate bulls on the daily chart. The overall uptrend can be concluded from the graph, but coins need to attract buyers quickly in order to sustain in the market. Coins are very powerful and are still ranked 6th in the crypto market. Investors are waiting for prices to point in order to fully enter the market. The price is above the 5-day simple moving average.
The current price of one XRP coin is trading at $ 0.36, and the market capitalization over the last 24 hours has increased by 1.42%. The coin volume is 814 million, with a loss of 31.31% in a 24-hour trading session, a market capitalization of 17 billion and a profit of 1.42%. The volume market capitalization ratio is 0.04606.
Let’s see what the technical indicators suggest
The volume is currently below average, but I’m about to jump. The MACD indicator supports the previous statement because the technical indicators suggest a bullish move, as the MACD line moves over the MACD signal line and the histogram rises again.
The Relative Strength Index draws an upward curve, and the increase in buying shows that the volume is still a 31% loss. The RSI value of XRP is over 45.
Conclusion
The price of XRP is not pointing, but the coin is trying to accumulate bulls on the daily chart. Coins are very powerful and are still ranked 6th in the crypto market. Investors are waiting for prices to point in order to fully enter the market. Technical indicators show that it is bullish above the daily chart.
Technical level
Resistance levels: $ 0.33 and $ 0.37
Support levels: $ 0.26 and $ 0.23
Disclaimer
The views and opinions expressed by the author or the people nominated in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.
