Ripple Price Analysis: XRP Coin Price Move Remains Range Bound Today

  • XRP coin price movement shows signs of weakness on an intraday session
  • The 24-hour trading volume in XRP is at $2.83 Billion
  • The XRP/BTC pair was trading at 0.00002334 BTC with a gain of 0.6%

The daily technical chart of XRP coin price is moving below the red Moku Cloud in the intraday session. According to pivot points, XRP’s critical support level is $0.72. Whereas if it goes up, the crucial resistance to watch is $1.15. Besides, the chart also presents a Doji candlestick pattern showcasing both bulls and bears failed to gain control over the coin.

The Ichimoku Cloud, consisting of Lead 1 & Lead 2 with a displacement value of 1. It performs as a pivot level and a leading indicator in the Coin price move. Investors may see the price breakdown below the green Moku Cloud and now travels below the red Moku Cloud, so until the price resides below the red Moku Cloud, it will ensure a bearish trend of XRP.

The MACD indicator (Neutral) no crossover through the signal line indicates a neutral sign in the coin. Besides, Investors can notice multiple tiny faded green bars in the Histogram index.

The volume of (16.54M) showcases a low volume below the Volume MA (26.99M) of 20-days. Low Buying volume has been directed in the order book resulting in consolidation of the intraday price. Investors may also observe declining volume in the chart, indicating a big move is expected soon.

Ripple (XRP) Coin Price is Down by 14.2% This Week

XRP coin price traded at $0.81 with a 3.7% loss in 24-hour and 14.2% loss weekly. In contrast, the market capitalization stands at $38 Billion. Technically, investors can perceive the price is moving under the red Moku Cloud. Hence, the MACD indicator presents a neutral signal. In the coin, traders are directing shallow trading volume. Additionally, the price action can move towards the support of $0.72 in future trading sessions.

Resistance: $1.15

Support: $0.72