Flow

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-monitor-xrp-coin-amid-market-volatility/" data-wpel-link="internal">Investors Monitor XRP Coin Amid Market Volatility</a><br></p>
<p style="text-align: justify">On Sunday, the cryptocurrency markets did not provide <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> with desired returns, and volumes remained low. BTC is lingering in a narrow range. Although it gradually surpassed $60,000, BTC is experiencing sharp declines. This situation suggests that we might see increased volatility in the coming hours. So, what are the expectations for <a href="https://en.coin-turk.com/investors-anticipate-xrps-potential-rise/" data-wpel-link="internal">XRP</a> Coin?</p> 
<h2 style="text-align: justify" id="xrp-coin-analysis">XRP Coin Analysis</h2> 
<p style="text-align: justify"><strong>BTC</strong> usually declines on Mondays, but considering the significant losses in recent weeks, it should attempt a reversal. The current price is $59,800, and for the expected rise in altcoins to begin, $63,000 must be turned into support again. Volume is weak, and long upper wicks above $60,000 indicate a lack of confidence in the rise.</p> 
<p style="text-align: justify">While investors try to profit from short-term fluctuations, this situation wears out altcoin investors the most. Assets that do not recover as expected during BTC’s rise suffer more losses during its decline.</p> 
<p style="text-align: justify"><strong>XRP Coin</strong> is not much different. Despite <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">good news</a> from the court and significant victories against the SEC, XRP Coin is lingering at $0.57. Considering the pre-legal victory level was around $0.42, the current price is relatively good.</p> 
<h2 style="text-align: justify" id="xrp-coin-price-prediction">XRP Coin Price Prediction</h2> 
<p style="text-align: justify">The change in investor sentiment is also reflected in the Chaikin Money Flow (CMF) indicator. The CMF data, confirming capital outflow, reminds us that downward pressure is strengthening. When investors sell and turn to cash, if there are fewer buyers, the CMF signals capital outflow, indicating a clear downtrend.</p> 
<p style="text-align: justify">If the trend continues, new lows due to CMF are possible. MACD, the most well-known indicator for momentum, also supports the bears. Intense outflows and weakening momentum indicate that the bulls are under pressure.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-380858 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/XRP-Coin-Grafik-Tahminleri-.png" alt="" width="1886" height="801"></p> 
<p style="text-align: justify">If the recovery fails, the price will continue to consolidate below $0.58, and sales may continue down to $0.52. On the other hand, if we see closures above the key threshold of $0.58, the downtrend thesis will be invalidated, and a move targeting $0.73 will begin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-monitor-xrp-coin-amid-market-volatility/" data-wpel-link="internal">Investors Monitor XRP Coin Amid Market Volatility</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-monitor-xrp-coin-amid-market-volatility/" data-wpel-link="internal">Investors Monitor XRP Coin Amid Market Volatility</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Monitor XRP Coin Amid Market Volatility

Table of Contents

COINTURK NEWS

Other articles published on Aug 18, 2024

Top 5 Cryptocurrencies in 2024: BlockDAG Rises Among Ripple, Stellar, Polygon, and Toncoin

Top 15 Best Decentralized Exchanges (DEXs) in 2024

The Future of CeDeFi in 2024: Key Platforms CoinZoom, Unizen, and ChangeX

Crypto: Why is the Number of Dogecoin Addresses Increasing Despite Alarming Forecasts?

Can Staking Crypto Make You Rich?

Ethereum Price Alert: Prepare for a Potential Surge to $3,625 or a Drop to $2,350!

Join our free newsletter for daily crypto updates!