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


Ripple/USD Index (XRPUSD) Technical Analysis Report for Aug 11, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 60% Bearish
Technical Forecast:
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 chart for XRPUSD
Volatility

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.

Trend

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

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Ripple/USD Index
Condition Forecast Direction Win Avg Worst Best Events
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup
Crypto Currencies Top Movers
BTCUSD 6,266.7342.19 0.68%
TBOND 144.5620.687 0.48%
ASX 6,329.0029.40 0.47%
EURUSD 1.13460.0002 0.02%
DXY 96.580-0.025 -0.03%
GBPUSD 1.2696-0.0026 -0.20%
ETHUSD 279.29-0.83 -0.30%
USDJPY 110.74-0.41 -0.37%
NATGAS 2.939-0.016 -0.54%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Crypto Currencies

ETHUSD 10 day candlestick chart for ETHUSD279.29 -0.83
-0.30%
BTCEUR 10 day candlestick chart for BTCEUR5,522.95 40.09
0.73%
BTCJPY 10 day candlestick chart for BTCJPY691,087.60 185.57
0.03%
BTCCNY 10 day candlestick chart for BTCCNY45,870.00 1,702.44
3.85%
ETHEUR 10 day candlestick chart for ETHEUR246.09 -1.21
-0.49%
ETHJPY 10 day candlestick chart for ETHJPY30,812.28 -307.52
-0.99%
ETHCNY 10 day candlestick chart for ETHCNY2,046.72 56.09
2.82%
BTCGBP 10 day candlestick chart for BTCGBP4,933.61 38.22
0.78%
ETHGBP 10 day candlestick chart for ETHGBP220.14 -0.50
-0.23%
BTCUSD 10 day candlestick chart for BTCUSD6,266.73 42.19
0.68%