The Hourly View for XRP
Last Updated November 28, 2020, 02:037 GMT
At the time of this writing, XRP’s price is down $-0.01 (-1.39%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 5 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 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
Ripple entered today at $0.5626, up 4.69% ($0.0252) from the previous day. The price move occurred on volume that was down 50.23% from the day prior, but up 154.21% 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
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading days.