XRPUSD - 1D Chart Analysis

14 thg 11, 2018

Like most of the cryptocurrencies, Ripple was also affected by the drop in the market capitalization we could see today, losing 9.83% of it's value so far.

Based on this higher volatility, we could see the price crossing the 20 days Moving Average and ending the 10 days interval in which the trend was bullish.

At this stage, the RSI is heading slowly towards the "oversold" area, the Stochastic is confirming the drop, while the MACD is about to cross the Signal indicating that the price decrease has not ended.

If the this scenario which is based on these technical indicators will get caught of, the next target price can be considered 0.4504$ and even 0.4219$ in extension.