XRP's candlestick chart visually represents the crypto's price movements within specified periods. Each candle reveals four key data points: the opening price (bottom of the body for a green candle, top for a red), closing price (top of body for green, bottom for red), and the highest and lowest prices during that period (lines extending from the body called "wicks"). These candles provide insight into market sentiment. Say you notice a green 'bullish' candlestick with a long body and short wicks. This suggests buyers controlled the trading session, and you might consider riding the wave. Conversely, a red 'bearish' candle with a long body might suggest selling pressure, which could be a signal to sell or wait for more favorable conditions.
By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.