The Hourly View for XRP
Last Updated October 12, 2020, 03:016 GMT
At the time of this writing, XRP’s price is down $0 (-0.08%) 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. 0 The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Ripple Daily Price Recap
Ripple is up 0.51% ($0.0013) since the previous day, marking the 5th consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 40.76% from the day before — and down 51.14% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since the previous day in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 7 out of the past 10 days.