Trading Cryptocurrencies with the help of Technical Analysis can be very powerful and rewarding. History shows that if you cut your losses short and let your winners run, you'll make fortune from trading, and Technical Analysis helps you do just that. It allow you to Identify market direction, Trend and Stop Loss.
Ripple (XRP) Price Predictions / Ripple (XRP) Forecast
| After | Price | Change |
|---|---|---|
| 1 day | $0.3286 | 0.47% |
| 1 week | $0.3303 | 0.99% |
| 1 month | $0.3336 | 1.99% |
| 6 months | $0.4312 | 31.81% |
| 1 year | $0.8042 | 145.86% |
| 5 years | $2.1839 | 567.65% |
We've applied Technical Analysis to the price of Ripple (XRP/USD) for today and predict where price is headed.
The stochastic oscillator is a momentum indicator that compares the closing price of a security with the price range over a specific period. Stochastic oscillator is showing Neutral signal, with value at 62.69487.
Relative Strength Index (RSI) is an important indicator that measures speed and change of price movements. Its value ranges between zero and 100. Value around 30 and below is considered oversold region and around 70 and above considered overbought regions. Relative Strength Index is at 43.92534, indicating Neutral action.
The Commodity Channel Index (CCI) is a momentum-based technical trading tool used to determine when a market is overbought or oversold. Commodity Channel Index is showing Neutral signal, with value at 8.18122.
Moving Average (MA) in simple term is just average of any subset of numbers. For example, 50 Days simple moving average is calculated at any point in chart by summing past 50 days of price and then dividing it by 50.
200 days Simple Moving Average is indicating Sell since Ripple is trading at $0.3271, below MAs value of 0.62998. 20 days Simple Moving Average is at 0.32403, showing Buy signal, Ripple is trading below it at $0.3271. 10 days Exponential Moving Average is indicating Buy action with value at 0.32584, Ripple is trading below it at $0.3271.
50 days Simple Moving Average is at 0.40235, showing Sell signal, Ripple is trading below it at $0.3271. 9 days Ichimoku Cloud Base Line is indicating Neutral since Ripple is trading at $0.3271, below MAs value of 0.35482. 50 days Exponential Moving Average is indicating Sell action with value at 0.39547, Ripple is trading below it at $0.3271.
10 days Simple Moving Average is indicating Sell since Ripple is trading at $0.3271, below MAs value of 0.32747. 20 days Volume Weighted Moving Average is indicating Buy since Ripple is trading at $0.3271, below MAs value of 0.32563. 100 days Simple Moving Average is at 0.48516, showing Sell signal, Ripple is trading below it at $0.3271.
100 days Exponential Moving Average is indicating Sell action with value at 0.4776, Ripple is trading below it at $0.3271. 20 days Exponential Moving Average is indicating Sell since Ripple is trading at $0.3271, below MAs value of 0.33955. 30 days Simple Moving Average is indicating Sell since Ripple is trading at $0.3271, below MAs value of 0.36369.
Also Read: Future of Cryptocurrencies
9 days Hull Moving Average is indicating Buy action with value at 0.32368, Ripple is trading below it at $0.3271. 200 days Exponential Moving Average is indicating Sell action with value at 0.56402, Ripple is trading below it at $0.3271. 30 days Exponential Moving Average is indicating Sell since Ripple is trading at $0.3271, below MAs value of 0.35837.
Other Technical Price Analysis for today:
Bitcoin (BTC/USD) Price Prediction via Technical Analysis for 25 August 2018
