- XRP price is currently in a consolidation move with a hint of bullish momentum. In contrast it has seen a gain 5.67% in an intraday session.
- Technical indicators suggest a consolidated move for the XRP. Meanwhile XRP/BTC pair is also on a bullish move with a gain of 2.95%
XRP was created by Ripple to be a speedy, less costly and more scalable alternative for digital assets and monetary payment. RippleNet’s ledger is maintained by the XRP community. It has a ROI of 27101% which has attracted the investors for a very long time. It is currently trailing at $1.60 with a gain of 5.05%. XRP/BTC pair is also observing a bullish momentum and can see a rise in the upcoming days.
XRP is currently ranked 7th with a market capitalization of more than $159,560,059,477.The volume of the coin has seen a jump of 12.21% in the daily time frame.The market capitalization to volume ratio for the coin is 0.1446. If it crossover 0.8, then a buying rush can be observed.
Technical Indicators Hints A Consolidated Momentum For XRP Price
XRP price forecasts a consolidated momentum on the weekly technical chart. On coming to the daily chart, the XRP is trapped inside a consolidation zone .The price is above 50 and 100 Daily Moving Average. The 50MA line is at $1.17 , making it a temporary support for the price. Resistance for the coin on going upwards can be seen at $2 . A bounceback can be observed from the point of $1 ongoing downside. There is a formation of an accumulation zone in the XRP on the daily chart. If the price breaks below the accumulation zone , then a sharp downtrend can be seen .XRP/BTC pair can also see a bullish momentum in the upcoming sessions.
RSI(Neutral); It is currently trailing at 59.2 while highlighting its presence in the neutral zone. There is a zero slope formation in the RSI, highlighting the consolidation for the price. The overall sentiment of the RSI is neutral.
XRP price has seen a significant gain in the last 2 weeks. It can continue its uptrend while profiting its investors.An Investor should do their due diligence before investing.
Major Support: $1