Against yesterday's price fluctuations, XRP returned to its previous position. While most of the other altcoins are located in the green, the price of this coin has increased by roughly 2% since yesterday.
Below is the relevant data for XRP at press time:
Market Cap: $9,471,051,808
Volume (24H): $1,461,664,706
Change (24H): 1.64%
XRP/USD: Can the Bulls Accumulate Their Efforts?
Looking at the 1H chart, XRP is showing indications of being dominated by the bulls in the short-term. While the rate has rolled back from yesterday's pump, the price is approaching the $0.22 level.
In terms of the nearest price forecast, both, the Moving Average Convergence/Divergence (MACD) and the relative strength index (RSI) are moving upwards, confirming the ongoing dominance by buyers. What is more, the buying volume has overtaken the selling volume, indicating a bullish outlook. Respectively, the $0.22 mark might be reached soon.
Looking at the bigger time frame, the overall picture is less positive. Yesterday, the long bullish candle closed with a high wick. This means that buyers could not fix the growth of XRP.
Moreover, the moving averages are going down, negating any chance for growth. In this regard, the price of XRP is likely to fluctuate between the $0.212-$0.217 range as outlined in the graph.
At press time, XRP is trading at $0.2168.