AltcoinsRipple

Ripple $XRP Price Outlook: Sideways

@KittyBitcoin logo
December 14 2018 06:29 UTC
Ripple has lost -1.41% or -0.00426 USDT in twenty-four hours. In this Friday Edition find $XRP price action, trend, technicals and more. Or jump right to the Ripple $XRP Price Outlook.

 

Price Action

The price of $XRP has fallen over twenty-four hours. The last price at press time is 0.29725 USDT. In Binance light volume trading the daily change is -1.41%, or -0.00426 USDT:
$XRP Price Change
period % USDT
24 hours -1.41 -0.00426
7 days -1.29 -0.00389
1 month -42.63 -0.22092

Promoted

Trend

trend is SIDEWAYS

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.]

Chart

Tap / click to zoom:

xrp-usdt-binance-one-hour-chart-2018-12-13

Remarks

Volume is down to the lowest of the quarter.

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the one hour chart is bearish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 day 0.29821
25 day 0.30023
99 day 0.30313

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.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

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.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Ripple $XRP Price Outlook

sideways

  • 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

 

Resistance levels: 0.29855 0.31064 0.31965 0.34200 0.38900

Support levels: 0.29558 0.27700 0.24672

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis period.

 

Independent Comparison

Comparing our outlook with independent, automated results from Investing.com shows:

Asset: Ripple $XRP
Time Period: Hourly
Summary: strong sell
Moving Averages: strong sell
Technical Indicators: strong sell

 

Disclosure

The author holds Ripple $XRP at the time of writing.

About @KittyBitcoin

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