The Hourly View for XRP
Last Updated November 5, 2020, 01:036 GMT
Currently, XRP’s price is up $0 (0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 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
0.2379 (USD) was the opening price of the day for Ripple, resulting in yesterday being one in which price moved down 0.67% ($0.0016) from yesterday. This move happened on lower volume, as yesterday’s volume was down 17.48% from the day before — and down 2.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since yesterday in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20, 50 and 200 day averages, located at 0.25, 0.24 and 0.23 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone down 6 of the previous 10 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From CryptoBull2020:
This is the moment where experience, discipline and patience will benefit you. The impatient are selling #XRP right now in hopes of catching Bitcoin on another leg up. Give it a few days or weeks and they will be sorry only to buy back in after $XRP has taken off.
- From rachelleskinner:
Omg! I think I have just put 2 and 2 together. Many large banks will develop their own CBDC and will use a bridge asset like #xrp by @ripple. However, some bank will choose to just simply adopt $XRP for their CBDC own use. Not as a stable coin but ad a utility token.
- From Kevin_Cage_:
Whales are still steadily accumulating $XRP That tells you a lot as to why. That’s all you need to know.There’s value in having a Global Network of FI’s able to access RippleNet (XRP)I believe future perspective & reality will adjust in the future.
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple Made MoneyGram Rich, But What About XRP Holders? | Crypto Briefing
Don’t Miss Market Moving News The partnership between Ripple and MoneyGram continues to raise eyebrows as the crypto firm pumps millions of dollars into the remittances company….You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.