The crypto market had finally started to recover from last week’s bloodshed. XRP was seen spearheading this one. Ethereum [ETH], Binance Coin [BNB], and almost all the other coins were mirroring this trend. Bitcoin’s [BTC] stay below $50K was finally disrupted by the bulls. The king coin took a plunge and landed at $54K, while its market cap soared over $1 trillion, once again.
Once again, the crypto market was seen bringing out its volatile side. Several were alarmed, with all the assets experiencing massive drops and surges over the last couple of days. However, many went on to buy the dip.
XRP was seen making maximum profits as the altcoin shot up by 20% over the last 24-hours. The altcoin managed to retain itself over $1 throughout the recent bear invasion. During the time of writing, XRP was trading for $1.39. The asset’s market cap was at $62.96 billion which further helped XRP rank fourth.
XRP One-Hour Price Chart On Binance
The Chaikin Money Flow [CMF] indicator used in the one-hour price chart of XRP revealed that the bulls were finally in the altcoin’s market. The CMF marker was noted over the zero median, in the bullish arena, further exhibiting a bullish momentum. The Bollinger Bands indicator suggested that the asset could experience a certain level of volatility considering the disparity between the bands.
The Relative Strength Index [RSI] indicator pointed out that XRP was being overbought earlier today. However, during the time of writing, the RSI marker was in the buyers’ zone.
XRP One-Day Price Chart On Binance
The indicators used in the one-day price chart were exerting contradicting notions. The MACD line remained below the signal line, in a bearish crossover. However, it seemed like the MACD line was trying to take over the signal line. The Awesome Oscillator indicator, after an array of red bars, formulated a dainty single green closing bar.
The Money Flow Index [MFI] indicator announced that there was no major buyers’ activity on the one-day price chart of the altcoin.