The hourly display for XRP
Last updated 29 October 2020, 01: 037 GMT
At the time of writing, the price of XRP has dropped $ 0 (-0.16%) from the previous hour. It was a party for the bears operating on an hourly time frame, as XRP has now dropped by 24 of the past 30 hours. Regarding the trend, note that the strongest trend exists in the 100 hour period. Price action traders may also notice that we see a doji candlestick pattern on XRP. Given that we see a downtrend over the 10 hour candle time frame and such candle patterns often denote reversals, this may be worth noting. The moving averages over the hourly time frame suggest a bullish price, as 20, 50, 100 and 200 are all in bullish alignment, which means that the shorter durations are above the longer duration averages, which implies a solid upward trend.
Ripple Daily Price Summary
0.2458 (USD) was the day’s opening price for Ripple, resulting in the previous day being where the price fell 2.77% ($ 0.007) from the previous day. This move happened on lower volume, as yesterday’s volume fell 19.31% from the day before and 61.79% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Ripple ranked 4th from the previous day in terms of percentage change in price. Ripple’s daily price chart below illustrates.
Ripple technical analysis
Moving average crossovers are always interesting, so let’s start there: Ripple broke its 20-day moving average yesterday. Trending traders will want to observe that the the strongest trend appears on day 90 horizon; in that period of time, the price fell. For further context, please note that the price has increased by 5 in the past 10 days.
Heard on Twitter
On Twitter, here are the best tweets about Ripple:
- From WhipLash347:
What’s in Wuhan? Link all this to the arrival of GCR / GESARA. Connect it to QFS. (USA VS CH Y NA TECH WAR) BTC and ETH vs XRP family. Big Pharma vs TESLA CURES, the answer is in the Q Save The World video.
Then you will understand what POTUS means for Ch Y Na will pay a lot of time. - From X__Anderson:
To expand the news of the DBS bank. This is really great. Singapore’s largest bank will offer trading of four cryptocurrencies, including xrp. The bank has 24,000 employees. The bank will store the digital assets directly with the bank. Singapore is a major financial center 1/2
- From CCryptosecure:
Expect to see the explosion in XRP in the coming weeks folks. The shit will hit fans very soon. You don’t think BTC can go to zero. Within a day or less, BTC will go to zero. Watch the panic in FI spinning for the only match in town to be in
In terms of news links for Ripple, here’s one for you to check out:
Beyond proof of work: the XRPL consensus solution | Ripple
Consequently, the state of the system is public: the transactions are public and everyone knows which transactions are valid and which are not …. With such a system, validators are not needed to tell someone else which transactions are valid or what they do. … The validity of each transaction is already available for each participant.
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