Ripple (XRP) Closes Last Hour Up $0.00; in an Uptrend Over Past 90 Days

The Hourly View for XRP

Last Updated December 15, 2020, 02:049 GMT

Currently, XRP’s price is up $0 (0.36%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple Daily Price Recap

0.4975 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved down 3.06% ($0.0157) from the previous day. This move happened on lower volume, as yesterday’s volume was down 37.82% from the day before — and down 35.64% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th for the day in terms of price change relative to the previous day. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 8 of the previous 14 trading days.