Ripple (XRP) Closes Last Hour Up $0.00; in an Uptrend Over Past 14 Days, Price Base in Formation Over Past 90 Days

The Hourly View for XRP

Last Updated November 20, 2020, 02:036 GMT

At the moment, XRP’s price is up $0 (0.69%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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

The back and forth price flow continues for Ripple, which started today off at 0.3042 US dollars, up 3.61% ($0.0106) from yesterday. The change in price came along side change in volume that was down 13.33% from previous day, but up 124.55% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to yesterday. 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. 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 another vantage point, consider that Ripple’s price has gone up 10 of the previous 14 trading days.