In the fourth week of August, XRP’s weekly closing price was 28.3 yen. It fell 5.68% year-on-year and recorded a negative line for the third week in a row.
Prices have been under 7EMA since the second week of July, and prices have continued to remain bearish.
Oscillator Signal Bearish bias signal: “Fisher (-2.99) is below zero and the downward trend continues.
Bearish bias signal: “CCI (-104) remains below -100 in the bear zone.
Bearish bias signal: “MACD (2.77) continues to be on a downward trend. Histogram (-1.7) has been expanding its decline and the momentum of the decline is continuing.
XRP’s weekly footing swung for the third week in a row, making it a very bearish price movement.
Momentum is also weak and there is no sign of a price reversal. Disclaimer: BTCN is intended to provide virtual currency and blockchain information and does not solicit investment. In addition, BTCN and Bitbank Co., Ltd. have no warranty or responsibility for the content of the information transmitted by BTCN.
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