Ripple (XRP) Closes Prior Hour Up 0.35%; Moves Down For the 2nd Straight Day, But Still in an Uptrend Over Past 90 Days

The Hourly View for XRP

Last Updated December 16, 2020, 20:17 GMT

At the moment, XRP’s price is up $0 (0.35%) 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 20 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 came into today down 5.81% ($0.0289) from the open of yesterday, marking the 2nd straight day it has gone down. The change in price came along side change in volume that was up 79.58% from previous day, but down 15.03% from the Tuesday of last week. On a relative basis, Ripple was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Let’s take a look at the 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 additional context, note that price has gone up 16 out of the past 30 days.