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XRP/USD Technical Analysis: Bear takes the lead in the game of coins

The first month of 2019, took the coins on a ride, where they saw new highs and staggering lows. XRP, the second-largest coin on the CoinMarketList, lost its second position for a while to Ethereum [ETH], however, acquired it back in no time.

At the time of press, the coin was valued at $0.3064, with a market cap of $12.6 billion. The coin reported the 24-hour trading volume of $484 million, while growth was noted by 1.32% over the past day. The coin dipped by 3.36% over the past week and is establishing a hold on the bull by noting the growth of 0.04% over the past hour.


Source: Trading View

Source: Trading View

The one-hour chart of XRP noted a downtrend from $0.3190 to $0.2930, followed by an uptrend that ranged from $0.2917 to $0.3390. The coin again faced a downtrend from $0.3389 to $0.3140. The coin marked resistance at $0.3140 and support at $0.339.

Awesome Oscillator points towards a weakened bearish trend.

Bollinger Bands appear to be converged, indicating reduced volatility in the…

Read Full Story : AMBCrypto

2019-02-02 17:30:45

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