Ripple (XRP) Continues to Trade Around $0.26 for 2nd Day in a Row

Do repost:
  • Ripple continues to trade around $0.26 in the past 24 hours.
  • XRP touched $0.270 just once in the early hours yesterday.
  • XRP price trades with a strong selling pressure at the moment.

Ripple’s current trading price is deep rooted with support from the short-term moving averages around $0.26. The coin needs to have a sharp bounce back in order to have a bullish sentiment. XRP had a last bullish crossover above $0.30 quite a while ago on 13th August. Since then the coin is seen below the said mark.

XRP to USD Price Chart by TradingView:

The below Ripple price chart is a data feed taken from Coinbase as on 28th August at 09:29 UTC.

XRP Price Chart by TradingView

The 30 mins movement of the coin within the past 24-hours show that Ripple was trading at $0.2704 at the start of the day yesterday. Also, it started slipping in the early hours from $0.27 range to $0.26 and closed at $0.269 yesterday with a high at $0.271. The lowest in the said time frame has been $0.2645 at around 12:00 UTC. On the same day,  XRP price rose by 2.04% to trade around $0.2699. After having a leisure downward stride the coin is currently trading at $0.2663 having a 1.33% plunge from the trading price of $0.2699.

Technical Indicators:

The 5-day SMA ($0.26943) remains around the current trading price of XRP while the long-term moving average i.e. 100-day SMA is 25.69% distant from $0.2663.

The MACD of the Ripple price clearly shows a bearish crossover in the negative array with RSI ranging above 40 and away from the oversold region.

Tags
Cryptocurrency Price Analysis Ripple (XRP) XRP

News of tech. Gadgets, technology and science

Ждем новостей

Нет новых страниц

Следующая новость