XRPUSD ends the day on a bearish note closing near the low of the day


Ripple/US Dollar Index (XRPUSD) Technical Analysis Report for Aug 11, 2018 | by Techniquant Editorial Team

Highlights

XRPUSD dominated by bears dragging the market lower throughout the day
XRPUSD closes lower for the 2nd day in a row
XRPUSD ends the day on a bearish note closing near the low of the day
XRPUSD breaks below previous session low
XRPUSD falls to lowest close since December 11, 2017

Overview

Moving lower for the 2nd day in a row, XRPUSD finished Saturday at 0.2914 losing $0.0263 (-8.28%). Today's closing price of 0.2914 marks the lowest close since December 11, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 0.3128, the market confirms its breakout through the previous session's low having traded $0.0246 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (XRPUSD as at Aug 11, 2018):

Daily technical analysis candlestick chart for Ripple/US Dollar Index (XRPUSD) as at Aug 11, 2018

Saturday's trading range was $0.0314 (9.85%), that's above last trading month's daily average range of $0.0245. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly above average.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

With six out of the other six Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are ETHUSD losing -6.98% and LTCUSD closing -6.17% lower. None of the markets managed to end the day in the green. Looking at the Minor Cryptocurrencies, the winners of the day have been BTCCNY surging 5.28% and WAVESBTC closing 1.9% higher. The worst performers of the day have been ELFBTC tanking -13.38% and IOTUSD closing -12.28% lower. Read more


Market Conditions for XRPUSD as at Aug 11, 2018

Loading Market Conditions for XRPUSD (Ripple/US Dollar Index)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Ripple/US Dollar Index traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!