XRP bulls rise to prominence despite a tepid coin market

  • 13 October 2019, Sunday, 11:00

XRP has continued to retain its position as the third-largest coin in the cryptocurrency ladder. At the time of writing, XRP was priced at $0.275 after a minor rise of 0.38% over the last 24-hours. The coin held a market cap of $11.88 billion and registered a 24-hour trading volume of $1.06 billion.

Source: CoinStats

Source: XRP/USD on TradingView

XRP’s daily chart exhibited an uptrend from $0.253 to $0.264 and another uptrend from $0.267 to $0.272 following a minor correction. A downtrend from $0.285 to $0.277 was noted in the daily chart for XRP.

XRP bulls found the first major resistance at $0.279. Another point resistance for the coin remained at $0.285 while its price found supports at levels $0.265 and $0.252 respectively.

Source: XRP/USD on TradingView

The daily chart for XRP witnessed an uptrend from $0.292 to $0.378. A major downtrend from $0.506 to $0.362 was found in XRP’s one-day chart followed by another downtrend from $0.471 to $0.281. The coin’s immediate resistance stood at $0.320 while the support stood firm at $0.233.

The indicators for both short-term as well as long-term projected strong bullish signals despite stagnancy in the XRP market.

Source: ambcrypto.com