Bitcoin’s dominance fell slightly to $64.8% after the collective market cap slid to $179.3 million. And while some expected alts to rally, they did so only briefly, with the same soon projecting downward movement after technical indices appeared to be bearish on the short-term price charts.
While Ripple’s product, RippleNet, and the crypto-asset XRP, have seen their implementation across various financial institutions for cross-border remittance purposes, these developments seem to have little impact on the coin’s price.
At press time, the third-largest cryptocurrency by market cap was priced at $0.174, while also recording a 1.19% price rise over the last 24-hours. Additionally, XRP held a market cap of $7.65 billion and a 24-hour trading volume of $2.077 billion.
Resistance: $0.177, $0.183
MACD: The MACD aligned with the bulls.
CMF: The CMF also appeared to be diving back into the bearish zone.
Huobi Token [HT]
The crypto-platform Huobi exchange strengthened its Asian footprint after receiving a green light from the Thai Ministry of Finance for trading in Thai Baht which enables holders to trade its native Houbi Token [HT] and other cryptos to trade in Thai baht.
HT was up by 1.17% over the last 24-hours which drove the price t0 $3.32. At press time, the coin registered a trading volume of $751.4 million and a 24-hour trading volume of $120.3 million.
Parabolic SAR: The dotted markers above the HT price candles pointed to a bearish price trend for the coin.
Awesome Oscillator: The AO, however, was mildly bullish, with two green closing bars
OKEx, the cryptocurrency exchange and the parent firm of the OKB utility token, has been leading the BTC Futures exchange volumes market for a while now. In fact, the platform has burned 70% of the token’s supply. OKB was down by 0.29% over the course of the last 24-hours. At press time, the token was trading at $4.02 with a market cap of $255.9 million and a 24-hour trading volume of $204.5 million.
Klinger Oscillator: The signal line above the KO line depicted a bearish phase for the coin in the near-term.
Relative Strength Index: The RSI also appeared to be heading towards the oversold region. This was indicative of mounting selling pressure in the OKB market.