Ripple (XRP) Closes Last Hour Up $0.00; 5 Day Up Streak Snapped, Price Base in Formation Over Past 90 Days

The Hourly View for XRP

Last Updated November 19, 2020, 02:036 GMT

At the time of this writing, XRP’s price is up $0 (0.75%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 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’s 5 day positive streak has officially concluded, as the candle from yesterday closed down 3.01% ($0.0091). The change in price came along side change in volume that was down 8.8% from previous day, but up 142.04% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the 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. 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.

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 KiaCrypto:
  

  some thoughts on #XRP
  @ripple decides to buy back its own asset to help the market bla bla
  to me, it means the floor has been set.
  Next, they remove or reduce the sell walls Now, the brake is loose and the supply is limited, demand pushes the price up.
  $14 incoming

• From CyPhlux:
  

  So many people getting excited over .2 cents! #xrpthestandard #XRP
  Yall! We have seen this how many times? Then it drops back down. I’m not going to get excited till we get to .50 cents at the very least. We’ve seen this broken record do this too many times.

• From Neloangelo314:
  

  High stable price that the world agrees upon allows Xrp to remain high and stable for a infinite amount of time. Gold will see historic breakthroughs like never before seen. As will all precious metals. When cash becomes ash, the world will turn to crypto and precious metals.

As for a news story related to Ripple getting some buzz:

Ripple: XUMM banking app soon ready for mass adoption

Wietse Wind, the founder of XRPL Labs, has now informed the community in a new update that the last beta version 0.6.0 has been released and numerous bugs and errors have been fixed….The app was launched on March 30, 2020 and has since received numerous updates….With the new version, XUMM also shows visibly within the app as soon as there is a new update of the app.