Ripple (XRP) Price Near $0.45; Makes Big Move Relative to Past Three Months, in an Uptrend Over Past 14 Days, 3 Day Up Streak Ended

The Hourly View for XRP

Last Updated November 23, 2020, 03:017 GMT

Currently, XRP’s price is up $0 (0.71%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. 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 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’s 3 day positive streak has officially concluded, as the candle from yesterday closed down 3.67% ($0.017). The price move occurred on stronger volume; specifically, yesterday’s volume was up 10.86% from the day prior, and up 847.86% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. Here 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 another vantage point, consider that Ripple’s price has gone up 10 of the previous 14 trading days.