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XRP/USD Price Analysis: Bull makes an entry into the bear’s market


The market has embraced Binance Coin [BNB] in the top-10 list of cryptocurrencies, while other major coins are managing to hold on to their positions. XRP, the second-largest coin has been giving a tough fight to the bear and holding its ground.

At the time of press, the coin was valued at $0.2909, with a market cap of $11.9 billion. The coin has recorded a 24-hour trade volume of $405 million while registering a fall over seven days of 8.84%. The coin is still falling by 0.32% over the past hour and is under the wraps of the grizzly bear as it continues to register fall by 0.52% over the past day.

1-hour

Source: Trading View

Source: Trading View

As per XRP’s one-hour chart, a steep fall was observed from $0.3038 to $0.2930. The coin has been falling and thus has observed another downtrend from $0.3012 to $0.2964. The coin marked a resistance at $0.2964, while support was noted at $0.2929.

Bollinger Bands appear converged, reducing market volatility. The moving average line is above the candlesticks,…



Read Full Story : AMBCrypto

2019-02-07 16:30:33

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