Bitcoin steer many into the crypto market with its significant price change. XRP, Ethereum [ETH], Litecoin [LTC], and almost every coin in the industry followed the trail of the king’s coin. Although Bitcoin peaked ever, at the time of writing, the asset was trading for $ 22,852.06. Ethereum also followed suit as it was trading at a peak of $ 648.99, at press time. Litecoin [LTC] has finally pushed past $ 100 as it bagged earnings up to 54.64% in the last seven days.
XRP, the third-largest coin was priced at $ 0,582 with a surge of 2.97% over the last 24 hours. Stablecoin tie [USDT] was behind the altcoin in terms of market cap. USDT’s market cap was at $ 20 billion while XRP was at $ 26 billion.
XRP One Hour Price Chart
A one-hour price chart of XRP formed a pennant. The decrease in volume and transient pattern confirmed the formation of the pennant. Although the direction of the cut for a penny was usually up, all other signs suggested the same. The upper trend line and the lower trend were drawn as by lower highs and lows. The daily moving average indicator had formed a bullish cross. The 50-day moving average [Blue] seen below the 100 daily moving average [Red] which marked the presence of bulls in the altcoin market.
Although the price change in XRP led to several in the community promising the penny to push past $ 1, the altcoin seemed to have other plans.
XRP Price Chart With Indicators
The bears were seen creeping into the XRP market. The Parabolic SAR indicator had dotted lines above the candlestick which restricted the possibility of break up. This further eliminated the chance that the asset would surge to $ 1. Chaikin Cash Flow [CMF] the indicator was in all these bullish territory while, however, the chart revealed that the CMF marker went below zero for the bearish realm.