The bull seems to have reached the cryptocurrency market, with several currencies that experienced unprecedented increases on Monday, November 26. Bitcoin [BTC], XRP and Ethereum [ETH] Everyone is riding the bullish wave, with the bear playing catchup.
1 hour
The one-hour XRP chart shows a combination of trends with the cryptocurrency that goes up and down in the charts. The downward trend of the cryptocurrency saw the price of $ 0.497 to $ 0.397, while the slight upward trend raised the value of XRP from $ 0.348 to $ 0.375. The cryptocurrency support has remained at $ 0.377, while the immediate resistance is $ 0.524.
the SAR parabolic It is currently showing a downtrend after a relatively prolonged bullish peak. The upward trend caused markers to remain below the price of candles.
the Chaikin Money Flow [CMF] The indicator has fallen below the zero line, which is indicative of a downtrend. This means that the money that leaves the market is more than the entrance.
the MACD the indicator points to an imminent bearish crossing, with the signal line and the MACD line directed towards each other. The MACD histogram, which has maintained a bullish level, has also been reduced in size.
1 day
The one-day chart for XRP shows an image similar to the one-hour chart, where the cryptocurrency has suffered an uptrend as a downtrend. The upward trend saw the cryptocurrency increase to $ 0.575, while the downtrend raised the cryptocurrency to $ 0.386. Long-term support for XRP is $ 0.262.
the Bollinger Bands show a huge divergence, with the upper Bollinger band and the lower Bollinger band moving away from each other. The size of the Bollinger cloud is also indicative of one each substantial bassist.
About him Relative Strength Index graphic, XRP has been stepping near the oversold zone. This shows that the pressure is more than the pressure of purchase.
Conclusion
Although XRP has enjoyed an increase after several days of the bear's spectrum, it seems likely that the cryptocurrency will continue to maintain its minimum. The aforementioned indicators point to the bear slowly regaining control in a time nicknamed & # 39; crypto winter & # 39;
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Graduated in engineering, head of cryptography and fantastic Arsenal. He is fascinated by technology and all its wonders. Strictly against pia on pizza.