The hourly display for XRP
Last updated November 4, 2020, 01: 037 GMT
At the time of writing, the price of XRP has dropped $ 0 (-0.13%) from the previous hour. XRP has seen its price drop down 5 hours in the last 5, thus creating some interesting opportunities for bears. As for the trend of the hourly time frame, we see the clearest trend over the 50 hour timeframe. The moving averages on the hourly time frame suggest a discontinuity in price, as 20, 50, 100 and 200 are all in a mixed alignment, which means that the trend across time periods is inconsistent, indicating a potential opportunity for rangebound traders.
Ripple Daily Price Summary
Ripple in Ripple’s recent daily price action continues; to start today, it came in at a price of US $ 0.2395, up 1.66% ($ 0.0039) from the previous day. This move took place on a lower volume, as yesterday’s volume was down 12.03% from the day before and 5.05% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Ripple ranked 2nd from the previous day in terms of percentage change in price. Ripple’s daily price chart below illustrates.
Ripple technical analysis
Coming up to date, Ripple’s current price is close to its 20, 50, and 200-day moving averages; moving average crosses often indicate a change in momentum, so it may be worth keeping an eye on. The clearest trend exists on the 14th day timeframe, which shows the price moving down during that period. For another point of view, consider that Ripple’s price has fallen by 6 of the previous 10 trading days.
Heard on Twitter
On Twitter, here are the best tweets about Ripple:
- From RoseXrp:
So much FUD and bitchyness in the last few days. People are starting to laugh and sell 🤯✳️ It just makes me realize that I was given this 💎 information, did my research, went down 🐇 🕳 and invested wisely. ✳️ Nobody will change my opinion on my #XRP investment 🤑
- From galgitron:
Folks, when it comes to money, there’s nothing some assholes won’t say or do to confuse and scare you with FUD to trick you into selling your coins cheap. This is all bullshit. Ripple cannot dictate or limit the use cases for which XRP can be used, end of story. 1/2
- From CryptoBull2020:
This is the time when experience, discipline and patience will benefit you. The impatient are selling #XRP right now in hopes of catching Bitcoin on another leg. Give them a few days or weeks and they’ll only regret buying back after $ XRP takes off.
In terms of news links for Ripple, here’s one for you to check out:
Ripple Decacorn releases 1 billion XRP from Escrow, blocking most of it
Aside from the aforementioned release of one billion XRPs, Ripple has moved nearly 60 million XRPs in the past 13 hours … The cryptocurrency tracking bot has noticed three blocks of XRP traded consecutively, two worth 19.3 million of XRP each and one worth 20 million.
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