Journalist
Posted:
- SOL has replaced XRP as the fifth-largest cryptocurrency.
- There has been a decline in demand for XRP in the past few days.
Ripple’s XRP lost its reign as the fifth-largest cryptocurrency by market capitalization during the trading session on 20th December, succumbing to a surge in Solana’s native token SOL.
According to data from CoinMarketCap, SOL’s market cap rallied past $35 billion, growing by 12% in the past 12 hours. At press time, the altcoin’s market cap was $36.24 billion, its highest since April 2022.
XRP trailed behind with a market cap of $33.28 billion. It initiated a decline on 12th September and has since dropped by 8%.
XRP’s demand craters
While other leading assets have seen considerable price growth in the last month, XRP’s value has only managed a 1% uptick. At press time, the altcoin exchanged hands at $0.61.
Source: CoinGecko
Price performance observed on a daily chart revealed that XRP initiated a new bear cycle on 12th December. On that day, its MACD line (blue) crossed below its trend line (yellow)
When such an intersection occurs, a bearish shift emerges. Many traders view this crossover as a potential sell signal, and it is often followed by a decline in an asset’s price.
As of this writing, the MACD line was positioned below the zero line at -0.0021. This showed that XRP’s short-term price trend was less bullish than its longer-term trend, confirming that the price decline would continue till sentiment improves.
Moreso, the coin’s Directional Movement Index (DMI) showed that the bears had control of XRP’s daily market at press time. Their re-emergence coincided with the MACD downward intersection of the trend line on 12th December.
The DMI’s positive directional index (green) fell below the negative directional index (red) on the same day. This intersection suggested increased downward pressure on XRP’s price as traders favored token distribution.
At press time, XRP’s negative directional index was 21.51, while its positive directional index was 17.24.
Further, the coin’s key momentum indicators showed a decline in demand for XPR since the bear takeover occurred.
Is your portfolio green? Check the XRP Profit Calculator
Poised to breach its center line at press time, the token’s Relative Strength Index (RSI) was 50.43. On the other hand, its Money Flow Index (MFI) was spotted at 47.59.
At these values, these indicators suggested that XRP traders have stayed their hands from any significant token accumulation and have sold more of their holdings.
Source: XRP/USDT on TradingView
Journalist
Posted:
- SOL has replaced XRP as the fifth-largest cryptocurrency.
- There has been a decline in demand for XRP in the past few days.
Ripple’s XRP lost its reign as the fifth-largest cryptocurrency by market capitalization during the trading session on 20th December, succumbing to a surge in Solana’s native token SOL.
According to data from CoinMarketCap, SOL’s market cap rallied past $35 billion, growing by 12% in the past 12 hours. At press time, the altcoin’s market cap was $36.24 billion, its highest since April 2022.
XRP trailed behind with a market cap of $33.28 billion. It initiated a decline on 12th September and has since dropped by 8%.
XRP’s demand craters
While other leading assets have seen considerable price growth in the last month, XRP’s value has only managed a 1% uptick. At press time, the altcoin exchanged hands at $0.61.
Source: CoinGecko
Price performance observed on a daily chart revealed that XRP initiated a new bear cycle on 12th December. On that day, its MACD line (blue) crossed below its trend line (yellow)
When such an intersection occurs, a bearish shift emerges. Many traders view this crossover as a potential sell signal, and it is often followed by a decline in an asset’s price.
As of this writing, the MACD line was positioned below the zero line at -0.0021. This showed that XRP’s short-term price trend was less bullish than its longer-term trend, confirming that the price decline would continue till sentiment improves.
Moreso, the coin’s Directional Movement Index (DMI) showed that the bears had control of XRP’s daily market at press time. Their re-emergence coincided with the MACD downward intersection of the trend line on 12th December.
The DMI’s positive directional index (green) fell below the negative directional index (red) on the same day. This intersection suggested increased downward pressure on XRP’s price as traders favored token distribution.
At press time, XRP’s negative directional index was 21.51, while its positive directional index was 17.24.
Further, the coin’s key momentum indicators showed a decline in demand for XPR since the bear takeover occurred.
Is your portfolio green? Check the XRP Profit Calculator
Poised to breach its center line at press time, the token’s Relative Strength Index (RSI) was 50.43. On the other hand, its Money Flow Index (MFI) was spotted at 47.59.
At these values, these indicators suggested that XRP traders have stayed their hands from any significant token accumulation and have sold more of their holdings.
Source: XRP/USDT on TradingView
can you get cheap clomid pills cheap clomiphene without rx can i get clomid pills can i purchase cheap clomid without rx can you get generic clomid pills cost clomid pills where to buy cheap clomid price
Thanks on sharing. It’s outstrip quality.
Greetings! Very useful recommendation within this article! It’s the petty changes which will make the largest changes. Thanks a portion quest of sharing!
how to buy azithromycin – cost ofloxacin 200mg flagyl 400mg price
order semaglutide 14mg without prescription – semaglutide 14mg uk cheap periactin 4mg
domperidone online order – cheap flexeril 15mg cyclobenzaprine medication
buy amoxicillin pills – order amoxicillin pill combivent 100mcg ca
nexium 40mg oral – https://anexamate.com/ buy esomeprazole online
order generic coumadin 5mg – https://coumamide.com/ buy cozaar pills
buy meloxicam generic – tenderness buy meloxicam without prescription
cheap deltasone 20mg – aprep lson purchase deltasone sale
cheapest ed pills – https://fastedtotake.com/ cheap erectile dysfunction pill
buy amoxicillin without prescription – https://combamoxi.com/ generic amoxicillin
diflucan oral – https://gpdifluca.com/# buy fluconazole medication
cenforce 50mg price – fast cenforce rs cenforce uk
buy cialis online free shipping – https://ciltadgn.com/# letairis and tadalafil
compounded tadalafil troche life span – strong tadafl tadalafil (tadalis-ajanta) reviews
generic ranitidine 300mg – purchase zantac pills order zantac 150mg sale
100mg sildenafil price – https://strongvpls.com/# viagra 50mg price costco
This is a keynote which is forthcoming to my verve… Numberless thanks! Exactly where can I find the acquaintance details in the course of questions? https://buyfastonl.com/
More posts like this would make the online time more useful. https://ursxdol.com/cenforce-100-200-mg-ed/
Greetings! Extremely serviceable par‘nesis within this article! It’s the crumb changes which liking turn the largest changes. Thanks a a quantity in the direction of sharing! https://prohnrg.com/product/lisinopril-5-mg/
Thanks towards putting this up. It’s well done. https://aranitidine.com/fr/ivermectine-en-france/
I am in point of fact delighted to glance at this blog posts which consists of tons of of use facts, thanks representing providing such data. https://ondactone.com/spironolactone/