XRPUSD ends the day on a bearish note closing near the low of the day
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.
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.
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
|Closed above last periods high||TQ Pro Members Only|
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