The Hourly View for XRP
Last Updated November 23, 2020, 10:16 GMT
At the time of this writing, XRP’s price is down $-0.01 (-1.09%) 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. Regarding the trend, note that the strongest trend exists on the 50 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
The end of a 3 day positive run has come for Ripple, which finished yesterday down 3.67% ($0.017). As for how volume fared, yesterday’s volume was up 10.86% from the previous day (Saturday), and up 847.86% from Sunday of the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd 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 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 8 them.