The Currency Analytics
By Steven Anderson
XRP is thus projected to have a strong bullish trend on a long run, though short-term bullish trends are seen.
XRP is now considered to be far more decentralized than the Ethereum and Bitcoin. It is seen on the top in the cryptocurrency leaderboards.
Garlinghouse however, stated, “XRP is more decentralized than the Bitcoin or Ethereum ledger.”
The head of Ripple stated that he would like to maintain the transparency doing what they are doing rather than trying to rectify what the community is thinking.
Regardless of the rumor mill, it can be seen that the price of XRP is moving up slowly. XRP has seen nearly 70,000 transactions with an average time of 3.
Almost all coins were back in the green zone, therefore, showing a bullish trend in the cryptocurrency market.
The hourly chart of XRP reveals an uptrend from $0.297 through $0.377. The support level is at 0.357, and the resistance level is at $0.397 accordingly.
Chaikin Money Flow [CMF] is seen below the zero line, thus indicating a decreased inflow of money in XRP market during the current time.
Awesome Oscillator sustained the bars above zero line, thus slowly changing to green in the current moment.
Parabolic SAR shows dotted indicators above candlesticks, thereby pushing the price downtrend.
Looking at the daily chart, XRP reveals an uptrend ranging anywhere from $0.26, $0.28 and $0.37. The downtrend ranges from $0.52 – $0.377.
MACD reveals a bullish crossover and the moving average line is above signal line. Strong green bars are seen in the histogram confirming bull trend through the long run.
Bullish trend is seen in the Relative Strength Indicator [RSI] providing for a bullish trend. The trends are seen to move towards over buying.
Aroon Indicator reveals an uptrend strength providing for a positive sign; downtrend is exhausting though.