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Ripple Price Analysis: XRP/USD Charts under risk of “Death Cross”

As of writing this article Ripple (XRP) was trading at $0.2965 against the United States dollar (USD). The coin was also was showing negative and downward growth of -1.07 %. The market cap of the coin was $11.84 billion and the market supply of the coin was 39.94 billion.

The coin started the day at $0.303 against the United States dollar (USD) and started falling from $0.303 to the $0.300 and the coin is continuously showing a bearish trend and is currently trading well below $0.3 level. It is struggling very hard to stay above the $0.3 against the United States dollar (USD).

The chart is showing a bearish pattern as seen from the above diagram and signifies that the price of the coin may fall further in the Crypto market. The situation of the coin is presently very uncertain and very volatile and the future seems unpredictable for the coin. The diagram above shows increasing volatility for the coin in the Crypto market as the Bollinger jaw(which signifies the volatility situation) is widening.

The relative strength index indicator (RSI) is around 42.5 point mark. Further, in the above diagram, we can see that the Moving Average Convergence Divergence(MACD) shows a decreasing bullish momentum for the coin in the crypto market. All in all the situation for the coin is not very good got Ripple (XRP) as the various indicators from the above diagram are clearly showing so.R

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About Ritika Sharma

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Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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