Ripple (XRP) Closes Prior Hour Down -1.96%; in an Uptrend Over Past 14 Days, Heads Up For the 5th Day In A Row

The Hourly View for XRP

Last Updated November 18, 2020, 03:017 GMT

Currently, XRP’s price is down $-0.01 (-1.96%) from the hour prior. XRP has seen its price go down 5 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 100 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

Ripple is up 5.07% ($0.0146) since the previous day, marking the 5th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 57.47% from the previous day (Monday), and up 232.97% from Tuesday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 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 KyleMacLeanX:
  

  New Personal Goals 😇1. When $XRP erupts, don’t be a jerk to the people who gave me a hard time about it for years.2. When Cardano $ADA gives me a 100X, don’t gloat3. When VeChain $VET hits $1, exercise restraint & be nice.If I break these, I’d get kicked out of Canada 🇨🇦

• From XRPcryptowolf:
  

  I’m sure everyone has personal stuff going on since this year has been mentally shitty for everyone so why be even more negative towards people? Nah man none of you pay me at all to constantly shit on me just because you’re upset that XRP hasn’t gone up yet

• From CryptoBull2020:
  

  Those of us who have been through the entire bear market: WE DESERVE THIS! And when #XRP hits $10, $15, $20 and above, we will all have a party. Hit that LIKE button if you agree!

For a longer news piece related to XRP that’s been generating discussion, check out:

Ripple’s Brad Garlinghouse: XRP As Key Crypto In The Digital Dollar Revolution – Crypto Gazette

Garlinghouse said that this is the reason for which Ripple is pushing XRP as a bridge asset to power cross-border transactions and exchange one currency for another….He continued and said: “The point [of Ripple’s efforts] is to enable a lot of efficiency and liquidity between XRP and the US dollar, and XRP and the Australian dollar….Sign up for the newsletter and get lasted cryptocurrency news.