• XRP/USD is currently trading for $0.265 in the early hours of Thursday.
  • Relative strength index (RSI) indicator is trending around 36.

XRP/USD has fallen from $0.266 to $0.265 in the early hours of Thursday. Over the last four days, the price of Ripple has fallen from $0.284 to $0.265. The hourly breakdown for Wednesday shows that the price fell from $0.274 to $0.26, where it found support and went up to $0.266. The 200-day simple moving average (SMA 200) has crossed over the SMA 50 curve, charting the bearish “death cross” pattern. Since the formation of the pattern, XRP/USD had a heavily bearish day (August 14), and then it consolidates for a bit before it has a bullish breakout on August 18. Since then, the price met resistance at the downward trending line and has been sinking since then.

XRP/USD daily chart

fxsoriginal

The market is trending below the SMA 200, SMA 50 and SMA 20 curves. The moving average convergence/divergence (MACD) indicator shows nine straight bearish sessions. The relative strength index (RSI) indicator has taken a drop and gone down to 36, right next to the oversold zone.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Cryptocurrency market update: Ripple, NEO and Monero dump as altcoins' short-lived boom takes a breather

The cryptocurrency market is back to the recent default settings; painted red everywhere. This comes after corrected higher three days in arrow. Ethereum, the largest altcoin in the market tested $215 resistance.

More Cryptocurrencies News

Ethereum price analysis: ETH/USD massive retreat now targets $200

Ethereum, Ripple, Litecoin and Bitcoin Cash sprung up in bullish motion. Ethereum, for example, corrected above the stubborn resistance at $180, $190, $200 and $210. The bullish leg also touched $217.80 but left $220 untested.

More Ethereum News

Ripple price analysis: XRP/USD dips back into the Bollinger band

XRP/USD bears stepped in this Thursday to correct the price following a bullish Wednesday. The price of Ripple went down from $0.315 to $0.291, going below the $0.30-zone in the process.

More Ripple News

Technically Speaking, Bitcoin Ripe for Major Move: Which Way?

Bitcoin has been consolidating for months. Generally, and technically speaking, this suggests a big move is coming. I have no position in Bitcoin and I doubt that changes although I do not rule out a token amount in ...

More BitcoinCash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast

BTC

ETH

XRP