The bulls seem to have entered the XRP markets as the price of XRP has been constantly pumping, taking it for a short rally. The current price of XRP at the time of writing was at $0.29 with a market cap $12 billion.
The 24-hour price change of XRP is 1.73% and the trading volume for 24-hour is $442 million, most [$52 million] of the trade volume for XRP is from ZB.COM exchange via XRP/BTC trade pair.
The one-hour time frame shows no uptrends, but a downtrend that extends from $0.3392 to $0.3049. The support for XRP can be seen at $0.2928, while the resistance lines can be seen at $0.3049 and $0.3160.
The Parabolic SAR markers are seen spawning below the price candles which indicates a bullish momentum for the XRP markets.
The MACD indicator is undergoing a bullish cross over as the MACD line has crossed the signal line to the top.
The Awesome Oscillator shows a shift in the color of the bars, which indicates a shift, an increase in the momentum of the…
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