Ripple price analysis is giving bearish hints today, strong resistance is present at $0.717, strong support for XRP is found at $0.654.The most recent Ripple price analysis is looking bearish today as it shows negative results for the buyers as the price has now receded down to $0.690 after a considerable decline in the last 24 hours. Today the price function is covering range downwards for the third day after getting rejected at $0.816.
Previously the bulls were trying to make a comeback and even rallied high on 7th and 8th February when chances arose for the XRP price to near the psychological mark of $1, but now bears have been dominating the market for the past three days, continuously degrading the price as the trend line remained downwards since 20th February as the bearish lead remains unbeatable.
The 1-day Ripple price analysis predicts a bearish trend for the day as the price function covered a downward movement. The bears have managed to maintain their upper position as the price is still trading on the red side. The XRP/USD is trading hands at $0.705 reporting a loss of 13 percent over the last day. As the trend is downwards, the XRP/USD is also at a loss of more than 16 percent over the past week. Currently, the price is quite lower than its moving average (MA) value, $0.781.
The crossover between the MA 50 and the MA 20 curve is also expected, which will be another indication of the bearish supremacy. The Bollinger bands are showing high volatility for XRP, as it suggests the following values for the day; the upper Bollinger band value is now $0.92, whereas the lower Bollinger band value is $0.620. The Relative Strength Index (RSI) score has decreased over the last three days due to continuous selling pressure, as the indicator is trading at index 42 in the lower half of the neutral zone.
Previously the bulls were trying to make a comeback and even rallied high on 7th and 8th February when chances arose for the XRP price to near the psychological mark of $1, but now bears have been dominating the market for the past three days, continuously degrading the price as the trend line remained downwards since 20th February as the bearish lead remains unbeatable.
The 1-day Ripple price analysis predicts a bearish trend for the day as the price function covered a downward movement. The bears have managed to maintain their upper position as the price is still trading on the red side. The XRP/USD is trading hands at $0.705 reporting a loss of 13 percent over the last day. As the trend is downwards, the XRP/USD is also at a loss of more than 16 percent over the past week. Currently, the price is quite lower than its moving average (MA) value, $0.781.
The crossover between the MA 50 and the MA 20 curve is also expected, which will be another indication of the bearish supremacy. The Bollinger bands are showing high volatility for XRP, as it suggests the following values for the day; the upper Bollinger band value is now $0.92, whereas the lower Bollinger band value is $0.620. The Relative Strength Index (RSI) score has decreased over the last three days due to continuous selling pressure, as the indicator is trading at index 42 in the lower half of the neutral zone.