The Hourly View for XRP
Last Updated November 23, 2020, 01:016 GMT
At the time of this writing, XRP’s price is up $0.01 (1.8%) 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 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ripple Daily Price Recap
Ripple closed the previous day up 40.21% ($0.1328); this denotes the 3rd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 238.42% from the day prior, and up 427.55% from the same day the week before. On a relative basis, the previous day was pretty good: Ripple bested all 7 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ripple.
Ripple Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 days.