The Hourly View for XRP
Last Updated October 27, 2020, 01:037 GMT
At the moment, XRP’s price is down $0 (-0.16%) from the hour prior. XRP has seen its price go down 24 out of the past 30 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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
Ripple closed the previous day down 1.93% ($0.0049); this denotes the 2nd straight day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 116.89% from the day prior, and up 10.44% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
First things first: Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 17 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From BabaCugs:
You Have Five Days To Do WHATEVER You Want With YOUR XRP Bags After That, You’re All On Your Own You Know The Risks You Know Your Responsibilities You Are The Only Person To Blame For Your Life Situation I Did My Part To HelpGod Bless You All
- From XRP_OWL:
Never forget @BabaCugs sold every bit of his XRP a week ago and traded it for chainlink on “gut instinct”.Still posting “factual” four digit $XRP though & helpful riddles to the community which is nice.“Not responsible for investment decisions” In baba I …..eh
- From susietrader:
Any one can come up with a price for XRP – but it means nothing if they cannot substantiate how they got it . My valuations can be substantiated that is the difference. Throwing your finger up in the air to get a price means nothing & is garbology
In terms of news links for Ripple here’s one to try:
Ripple Partner TerraPay to Boost Remittance Flow from Canada with FINTRAC License
Now the country wants to make remittances run seamlessly—faster and cheaper than previously….With a license from FINTRAC, the company will use its technology to make it easier for immigrants to send funds across the world and back home to their families.
