Ripple XRP has shown many high and low last week. The 3rd largest cryptocurrency by market capitalization is currently trading at $0.451744 USD (-3.98%). At the time of writing this post, the market capitalization of Ripple XRP is $18,068,701,723 USD.
Yesterday Ripple [XRP] becomes an official partner of the Bill and Melinda Gates Foundation. The collaboration will help the foundation provide easier, secure and instant payments to the poorer parts of the world.
This brings laurels under Ripple’s hood, as it makes a significant mark in the industry. Ripple is not leaving any stone unturned to make a difference in the world.
Ripple Price Analysis
Today Ripple XRP is trading below daily Exponential Moving Average (10) which is 0.46308 which is creating a sell signal. It is also below EMA (10) and SMA (10).
While looking at the other moving averages, the Ichimoku Cloud Base Line (9, 26, 52, 26) is in the neutral zone. Also, the Volume Weighted Moving Average (20) and the Hull Moving Average (9) both are creating a selling pressure.
The above analysis was based on the daily moving averages of Ripple XRP and now let’s have a look at the Oscillators.
While looking at the oscillators the daily Relative Strength Index (14) is in the neutral zone with a value of 50.19408. The MACD Level (12, 27) is 0.00279 is in the sell zone. If we look at the Bull Bear Power it is 0.00050 and is in the buy zone.
The daily Average Directional Index (14) is 22.83383 which is in neutral zone. After looking at all the oscillators the final indication is towards a sell signal.
Looking at the charts, moving averages and oscillators of Ripple it can be concluded that XRP is going to support at $0.44. However, there are chances that the price of XRP will go up to $0.47.
This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.