That oscillator is just lagging the daily volumes. Also this can only be seen so clear on Bitstamp, because it's a major ODL-Partner exchange from Ripple (former xRapid). Volume is higher on MO-FR, lower on Weekends. That's because of XRPs utility, as it is used for institutional remmitences between USD/MXN, USD/PHP, USD/AUD, USD/EUR, ... something no other crypto has. Price sucks, but this is the undeniable fact that XRP is the FIRST institutional mainstream adopted cryptoasset. Its spekulative volume that mainly drives the price, but noone knows what impact higher and higher utility volume, further adoption and new use cases may have. And that is the main reason on why there are XRP long term investors and Ripple followers.
tradetraderson
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@NoobOfTheMonth, nice, thanks for the thought out info and not just fanboy stuff. i am a fan of XRP however :) figured it was ODL and interesting it started around 20th of Jan, at least here. it's quite a beautiful thing to see actually. something we can visually see is important to understand impact sometimes.
VincePrince
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Interesting technicals,
here is my overall TA on the BTCUSD