What 1-hour chart says?

16 giu 2022

Fundamental Development:- XRP was trading at $0.33748 . on the Investing.com Index on Thursday, up 10.04% on the day. It was the largest one-day percentage gain since February 25.The move upwards pushed XRP's market cap up to 16.24440B, or 1.70% of the total cryptocurrency market cap. At its highest, XRP's market cap was 83.44071B.XRP had traded in a range of $0.33486 to $0.34696 in the previous twenty-four hours. Over the past seven days, XRP has seen a drop in value, as it lost 16.11%. The volume of XRP traded in the twenty-four hours to time of writing was 2.27271B or 1.80% of the total volume of all cryptocurrencies. It has traded in a range of $0.2939 to $0.4117 in the past 7 days. At its current price, XRP is still down 89.74% from its all-time high of $3.29 set on January 4, 2018.




Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $22,800-$22,000 ranges.BTC is made low 20,038 and now consolidating within a range. Yesterday it made high near $22,267 and then it continue decline. Bitcoin is struggling to gain momentum above $22,300.



Alternative Scenario: If Bitcoin fails to clear the $23,300 resistance zone, it could start another decline. An immediate support on the downside is near the $20,100 level.