In the last 24 hrs, XRP trades as low as $0.3196 and as high as $0.3344. At the time of writing, XRP is trading at$0.3237, which is down by 2.46% in the last 24 hrs. The 24 hrs volume traded is $1,079,433,055 and a market capitalization of $32,398,895,533.
The bulls have tried to push the price up but have failed to do so and the bears are taking control of the market.
Source: Coin 360
In general, the cryptocurrency market is in a bearish trend, with LEO and ATOM continuing to rise. The market is expected to continue its downward trend as the bears take control.
The next support level for XRP is $0.3196 and any further decline will take it to $0.3050. On the other hand, if the bulls take control, we can expect the price to rise to $0.3300 and further up to $0.3350.
As mentioned earlier, the cryptocurrency market is in a bearish trend and XRP is no different. The bulls have failed to take control of the market and the bears are currently in control. We can expect the price to continue its downward trend in the short term. In the long-term, we can expect the price to recover as the market conditions improve.
Source: Trading View
The Relative Strength Index is currently at 37.66 and is pointing downwards, indicating that the market is in a bearish trend. The MACD is also in the bearish zone and is pointing downwards The MACD line is seen intersecting the signal line from below, indicating a bearish trend.
The Bollinger bands have formed a bearish crossover, with the price trading below the middle line of the Bollinger bands. This indicates that the market is in a bearish trend.
The Bollinger bands are widening, indicating increased volatility in the market. Out of the 26 technical indicators, 3 show a buy signal, 10 holds, and 13 sell signals. The Oscillators shows 2 buy signal and 9 holds while the moving averages show a bearish trend.
XRP is currently trading below the $0.3300 level and has broken below the descending triangle pattern. This indicates that the bears are in control of the market. The next support level for XRP is at $0.3196 and any further decline will take it to $0.3050 levels. On the other hand, if the bulls take control, we can expect the price to rise to $0.3300 levels and further up to $0.3350 levels.
XRP is currently in a downward trend as the bears take control of the market. The next support level for XRP is at $0.3196 and any further decline will take it to $0.3050 levels. On the other hand, if the bulls manage to take control, we can expect the price to rise to $0.33
XRP is expected to continue its downward trend in the short term as the bears take control of the market. In the long-term, we can expect the price to recover as the market conditions improve. Investors should wait for a better opportunity to enter the market.
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