Ripple (XRP) Price Near $0.62; in an Uptrend Over Past 30 Days

The Hourly View for XRP

Last Updated December 2, 2020, 02:036 GMT

At the time of this writing, XRP’s price is down $0 (-0.63%) 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. 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 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 $0.6115, down 8.03% ($0.0534) from yesterday. This move happened on lower volume, as yesterday’s volume was down 5.37% from the day before — and down 69.29% 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. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.