- The XRP coin price breaks below the several EMA’s during intraday.
- The 24-hour trading volume is at $4,476 billion.
- XRP/BTC pair is trading positive by 0.8% at 0.00001816 BTC.
Moving Average (EMA) In the XRP coin daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an XRP uptrend as long as prices are above the moving average.
The volume (74.087 M) is below the 20-day moving average (440.485 M). The volume is low, so the cost has decreased a bit. Investors may also mark a decrease in volume. This indicates that unusual changes are normal on the following trading days.
XRP Coin Price Can Give an Opportunity to Buy on Dips Around Support
The daily price chart of XRP coin moves towards the support zone. Depending on the price action, the support area is within $0.90 – $0.85. On the flip side, the resistance range to look for is around $1.35 – $1.40.
The RSI showed a signal of 40 (bearish) with a short-term sell sign. Investors may find that the indicator’s RSI line is running downside. A plunge can happen on future trading days.
The MACD shows a (bearish) cross below the signal line on November 14, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.
Conclusion
The XRP is currently trading at $1.08 with a 24-hour trading volume of $4,476,006,027. XRP prices are down -4.4% in the past 24 hours. The current supply is 47 billion XRP and the total supply is 100 billion.
RSI and MACD indicate a sell signal. Traders have directed low volume. In fact, the cost is gradually moving towards the support zone. A market overview also shows that this pattern will continue to plunge in the coming trading days.
Resistance Level: $1.35 – $1.40
Support Level: $0.90 – $0.85