|$XRP Price Change|
Computer World HK -Blockpass IDN secures contract with GoSecurity https://t.co/emS5QAzhG3
— Blockpass (@BlockpassOrg) December 13, 2018
The Ripple weekly trend is sideways. There has been downward pressure by $BTC on the $XRP price. Yet Ripple tracks sideways for most of the week. Seven days ago $XRP opened at 0.30959 at 16:00 hours on December 06 2018. The corresponding price on December 13 is 0.29916 (one day chart). That’s a difference of just $0.01043, or a tenth of one cent, over seven days.
[Trend is "sideways" when there is no clear weekly price movement in any direction.]
Tap / click to zoom:
Moving Average Convergence Divergence (MACD)
The MACD on the one hour chart is bearish.
Exponential Moving Averages (EMA)
The short term EMA is well below the medium and long term EMA. The bear cross downwards through the medium term EMA came at ten this morning. Since then the EMA has drifted down, and flattened out in the last several hourly sessions.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 38.5. This is a neutral state.
The one, two, four and six hour RSI are all in the neutral zone.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
Bitcoin Price Modifier
The 24 hour Bitcoin change is -2.70%. This may exert a neutral influence on Ripple today.
Ripple $XRP Price Outlook
- the Ripple $XRP price outlook is sideways
- if the price finds acceptance at higher levels the immediate resistance prints at 0.29855
- if the price finds acceptance at lower levels the immediate support prints at 0.29558
The author holds Ripple $XRP at the time of writing.
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