Watch: the daily chart check
▶ PlayThe daily candle
XRP closed the October 29 daily candle at $1.24, down 6.68% on the day, after trading between $1.22 and $1.33. What stands out on the daily chart: sharp move, 30-day closing low, volume spike.
Moving averages
The close of $1.24 is 6.6% below the 20-day average ($1.32).
The close of $1.24 is 11.4% below the 50-day average ($1.40).
Momentum: RSI and MACD
The 14-day RSI reads 34.1, between 30 and 70, neither extreme. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is -0.03253 against a signal line of -0.03054, so the MACD line is below its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 1.94 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $1.25 to $1.40, and the close is below the lower band.
Over the previous 30 days the highest close was $1.52 and the lowest $1.29.
What it costs to hold a position
Anyone holding a XRP perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the XRP funding page.