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XRP, Cardano {ADA} price analysis for the day

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In accordance with the candlestick chart linked to the XRP/USD pair on tradingview [based on data drawn from the Bifinex Exchange], one can determine that this highly-recognized virtual currency is being influenced as sellers keep coming in. Support lies near $0.25046, and barriers near $0.31533 successfully held back this altcoin.

For more than a week, most of the Awesome Oscillator peaks have been brown, which points towards bearish impact. On top of that, the daily Relative Strength Index has tanked and reached 46.52. This brings XRP closer to the oversold zone. The MACD line dipped below the signal line [today], causing the histogram to switch sides and change color [from green to red]. XRP may head towards $0.27 if the bear-run continues till next week.

According to the candlestick chart associated with the ADA/USD pair on tradingview [based on data obtained from the Bittrex Exchange], Cardano is being backed by sellers. The daily RSI [for 14 periods] dipped drastically and managed to settle at 54.57. This signifies that $ADA may not last within neutral territory for much longer.

The gap between the MACD line and the signal line contracted today, which serves as a bearish indicator [the emerald histogram bears a faded appearance]. However, from 5th November onwards, the Awesome Oscillator peaks all possessed the green shade, which points towards an influx of bullish interest. Up next, resistance may be felt at $0.05315. Support can be found adjacent to $0.0401589.

XRP is ranked at #3 to the north of Bitcoin Cash and Tether in the market. Over the course of the past 24-hours, the price plummeted at a rate of 2.55% which led to $XRP dipping towards $0.293989. The trading volume recorded is $2.156 billion, while the supply houses 43,248,091,671 XRP coins as of this instant. The total market cap of XRP is $12.714 billion.

Cardano is ranked at #12 in the market. The price sunk at a rate of 4.04% within a day. The trading volume recorded stands at roughly $58.117 million. The total market cap of Cardano amounts to $1.126 billion for now. The digital asset itself is priced at $0.043466. The Incentivized testnet is scheduled to be launched within a week.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.