xrp

A crypto carnage was noted in the market. XRP was seen spearheading this downtrend. The price of Bitcoin [BTC] had recorded a massive slump from a high of $64K to $55K over the month. The king coin’s market cap had also taken a hit as it had reduced down to $1.02 trillion. This further posed to have an impact on the overall market cap of the crypto-verse as it was at $1.97 trillion, during the time of writing.

XRP bewildered the crypto market after its impeccable price rise. The SEC’s claims of XRP being a security did not seem to stop the asset from bagging gains. However, the altcoin, after a notable surge in the last couple of days, went on to plummet by over 11% over 24-hours. The altcoin, during the time of writing, was trading at $1.28. The cryptocurrency garnered some momentum and rose towards the fourth position as its market cap fared to $57.02 billion.

XRP One-Hour Price Chart On Binance

The bulls as well as the bears had put up a fight in XRP’s short-term price chart. The Parabolic SAR indicator was inclining towards the bears as it had formed a line of resistance over the candlesticks. While this line restricted any outbreaks towards the upside, the community was assured that the bears were trying to make an entry into the XRP market. The Awesome Oscillator indicator, however, formed green closing bars affirming the presence of the bulls.

No major buying activity was detected in the XRP one-hour price chart, suggested the Relative Strength Index indicator.

XRP One-Day Price Chart On Binance

Even though the Bollinger Bands were wide apart, however, they were trying to converge, further indicating limited volatility. The MACD line was seen crawling below the signal line further insinuating a bearish crossover. The Money Flow Index indicator was exerting a buyers’ sentiment amidst the ongoing bearish trend on the one-day price chart of the coin.

This trend could further pose as a hurdle to the altcoin’s journey towards $2.

XRP’s fate seemed to be changing as the asset was leaving behind its bad days. While Ripple along with Brad Garlinghouse and Chris Larsen have been trying their best to fend off the allegations put forth by the Securities and Exchange Commission of the United States, the bulls were seen helping XRP in making progress with regard to its price change.

The altcoin was on a roll as it secured over 22% gains over the last 24-hours further pushing the price of XRP to a high of $1.73. However, at the time of writing, the asset was back at $1.69. Over the last seven days, altcoin made profits of over 70%. This number further pushed the altcoin to the top. During the course of the lawsuit, XRP had plummeted down in terms of ranking and market cap. However, the cryptocurrency made its way back into the top five as its market cap stood at a high of $76.46 billion.

XRP One-Day Price Chart On Binance

The long-term price chart of XRP was seen filled with strong bullish sentiment. The Parabolic SAR indicator formed dotted lines that remained below the candlesticks acting as a major line of support. This line further demented the chances of an instantaneous downtrend. The Chaikin Money Flow indicator was seen on a trek to the top of the bullish arena. With strong green closing bars, the Awesome Oscillator indicator made it clear that the bulls were in the altcoin’s market.

With all the aforementioned indicators suggesting a bullish market, the price of the altcoin was most likely to hit $2.

Those interested in XRP were inclined towards buying the asset as opposed to selling it as the Relative Strength Index as well as the Money Flow Index indicators pointed out that the altcoin being overbought. This strong buyers’ sentiment in the market of the altcoin also seemed to have aided the surge in its price.

The entire SEC vs Ripple case caused a lot of commotion in the crypto industry. This lawsuit even pushed the price of XRP into a new low. Nevertheless, the altcoin revealed that it was finally on the road to recovery.

During the peak of the recent crypto rally, XRP witnessed a steep fall in terms of both prices as well as market cap. However, the asset, during the time of writing was not only trying to bag gains that it lost during the last couple of months, it went on to secure a three-year high of $1.10. XRP was trading for $1.05, at press time with a whopping 45.36% surge in the last 24-hours. Over the last seven days, the asset recorded profits of over 89%. The altcoin even rose in terms of market cap and went on to rank fourth.

XRP One-Hour Price Chart On Binance

Even though XRP is quite far away from reaching its all-time high of $3, the asset’s journey from a low of $0.19 to $1.10 is impeccable. The altcoin, despite being delisted or banned from several crypto exchanges, still managed to garner profits. The short-term price chart of the altcoin was all good news.

The Awesome Oscillator indicator announced the presence of bulls with the formation of long green closing bars. The Chaikin Money Flow Index [CMF] indicator remained over zero in the bullish arena. The bulls managed to retain their place in the XRP market, even though the MACD indicator underwent a bearish crossover, earlier today. At the time of writing, the MACD line went over the signal line to form a bullish crossover.

Strong buyers’ sentiment was noted in the short-term price chart of XRP. The Relative Strength Index [RSI] indicator affirmed that the altcoin was being overbought as the RSI marker was at a high of 80 median. The Money Flow Index indicator was seen exhibiting a buyers’ notion.

Volatility had hit the crypto market. While this wasn’t very favorable for the other coins, XRP managed to make most of this volatile wave that the crypto market was at. Bitcoin [BTC], during press time, was down by the $52K zone. The king coin’s market cap also slipped down below $1 trillion further taking the overall market cap to $1.66 trillion.

The XRP army has been trying to induce themselves in the ongoing Ripple vs SEC case suggesting that they haven’t been represented properly. With the case going on at full speed, the price of XRP seemed to be surging. At the time of writing, XRP was trading for $0.53 with a 5.77% rise in the last 24-hours. Over the last seven days, the altcoin garnered profits up to $13.23%. The market cap of the asset was noted at $24.46 billion.

XRP One-Hour Price Chart On Binance

The short-term price chart of XRP pointed out that the bulls were residing in its market. The Awesome Oscillator indicator used in the one-hour price chart of XRP announced the presence of bulls by laying out a green closing bar. The Chaikin Money Flow indicator was over the zero median which suggested that the altcoin was in the bullish arena. The Money Flow Index indicator was in sync with the bullish notion exhibited by the altcoin. The MFI marker was over 50 median which suggested a buyers’ market.

XRP One-Hour Price Chart With Key Indicators

Turns out, all the indicators used in the short-term chart were siding with the bulls. The Parabolic SAR indicator laid out dotted lines below the candlesticks. This line further negated the chances of a downward breakout. The MACD line was over the signal line forming a bullish crossover. This crossover was achieved yesterday and seems to have prolonged. The Relative Strength Index indicator was noted high up in the buyers’ arena.

While all the signs were inclining towards the bulls, the asset could finally try making it past $0.6.

Almost all the assets were enduring a downfall. XRP, however, seemed to be moving uphill. The altcoin faced serious repercussions from the SEC lawsuit. While the asset kept falling to new lows during the peak of the crypto rally, XRP was back in action. During the time of writing, altcoin was trading for $0.55 with an 8.60% in the last 24-hours. The last seven days seemed to be highly beneficial for the altcoin as it secured gains of 24.86%, which was the highest compared to all the other coins in the crypto market.

As the Ripple vs SEC lawsuit prolongs, XRP’s chances of climbing up the crypto ladder seemed bleak. The asset’s witnessed a steep fall from the third position all the way down to the seventh. Additionally, the market cap of the altcoin was noted at $25.69 billion.

XRP One-Hour Price Chart On Binance

The bulls and the bears were both noted in the short term price chart of XRP. The Parabolic SAR indicator was seen supporting the bulls while the Awesome Oscillator was cheering on for the bears. With dotted lines below the candlesticks, a line of support was formed by the Parabolic SAR indicator. The Awesome Oscillator indicator laid out a red closing bar after a series of green bars.

Despite the presence of the bulls, the Relative Strength Index indicator was seen in the sellers’ zone.

XRP One-Day Price Chart On Binance

The one-day price chart of XRP was harboring the bulls. The Bollinger Bands indicator suggested limited volatility amidst the ongoing bullish trend. The MACD line slowly took over the signal line earlier this month, and the trend seemed to have prolonged. This was further noted as a bullish crossover.

The Money Flow Index indicator revealed that the altcoin was exhibiting a buyers’ sentiment.

The persistence of this trend could help the altcoin surge beyond its recent high of $0.6.

While almost all the assets surged to new highs during the latest crypto rally, XRP was probably the only cryptocurrency to have bagged the least amount of gains. Ripple squabble with the SEC was one of the primary reasons behind the destruction of the altcoin. As soon as the SEC went public with its lawsuit against Ripple for the trading of “unregistered securities” an array of crypto platforms dropped support for the asset.

The XRP community has been rooting for the asset to hit $1 for the longest time, however, the altcoin hasn’t made it past $0.74. At the time of writing, the altcoin was trading for $0.4768 with a 3.09% drop in the last 24-hours. The asset even incurred a loss of over 13% in the last seven days.

The altcoin witnessed a drop even in terms of market cap. The altcoin was dwelling as the fourth largest crypto for quite a while. However, currently, the asset sits as the seventh-largest coin with a market cap of $21.54 billion.

XRP One-Hour Price Chart On Binance

The short-term price chart of XRP was harboring both, the bears and the bulls. The Chaikin Money Flow indicator was rising over zero after its one-day stay below it. This is considered bullish and had restored some hopes for the altcoin. The Awesome Oscillator indicator was siding the bears as it formed red closing bars. The Money Flow Index that there was minimal buying or selling activity in the altcoin’s market.

XRP One-Day Price Chart On Binance

The one-day price chart of XRP revealed that the bears were intact in the market. The Parabolic SAR indicator has formed a line of resistance over the candlesticks which restricted any upward flow of the altcoin. The signal line took over the MACD line earlier this month and this trend persisted throughout the month. The Relative Strength Index indicator announced that a sellers’ sentiment had struck the XRP market.