The Hourly View for XRP
Last Updated October 26, 2020, 01:037 GMT
At the moment, XRP’s price is down $0 (-0.31%) from the hour prior. XRP has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ripple Daily Price Recap
0.2533 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved down 1.21% ($0.0031) from the previous day. The change in price came along side change in volume that was down 12.5% from previous day, but up 22.53% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For additional context, note that price has gone up 8 out of the past 14 days.