XRP Price Analysis - August 18, 2018

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XRP is currently at spot #3 in terms of total market capitalization.

At the time of writing, XRP price is currently sitting at $0.32, again almost unchanged since yesterday, but it did have an active 24 hours.

We mentioned yesterday that XRP was showing the most positive signs of the top 5 coins we cover daily. After testing $0.30 twice it broke above and has a brief rally. However similar to its peers it did run into resistance at $0.37 and retraced lower.

On the upside, we'd be looking to see it breach $0.35 again and retest $0.37. But again, it's giving the most positive signs of its top peers (at least it didn't break below the short-term dynamic uptrend it formed!). So, we have hope.

On the downside, however, we'd look at XRP to monitor if it dips below $0.32 again and see if it can for a temporary support there. After that $0.30 and then $0.28.

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On the daily chart for XRP, technical indicators give a bearish (but improving!) outlook (14 sell, 9 neutral, 3 buy)

On the weekly chart for XRP, technical indicators give a slightly better but still bearish outlook (13 sell, 5 neutral, 4 buy)

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XRP Price Analysis - August 18, 2018 | Ecency