The hourly display for XRP
Last updated November 5, 2020, 01: 036 GMT
Currently, the price of XRP has increased by $ 0 (0.29%) from the previous hour. This move is a reversal from the previous hour, which saw the price rise. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 20 hour period. 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
0.2379 (USD) was the day’s opening price for Ripple, resulting in yesterday’s price where the price fell 0.67% ($ 0.0016) from yesterday. This move took place on lower volume as yesterday’s volume fell 17.48% from the day before and 2.9% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Ripple has ranked 4th since yesterday in terms of percentage change in price. Below is a chart of Ripple’s daily prices.
Ripple technical analysis
The first thing we should note is that Ripple is now close to its 20, 50, and 200 day averages, located at 0.25, 0.24, and 0.23 respectively, and so it could be at a key moment along those times. 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
For laughs, quarrels or really useful information, let’s see what the most popular tweets related to Ripple have been in the last day:
- 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.
- From rachelleskinner:
Oh my God! I think I just put 2 and 2 together. Many big banks will develop their own CBDC and use a bridge asset like @ripple’s #xrp. However, some banks will choose to simply adopt $ XRP for their CBDC use. Not as a stable currency but as a utility token.
- From Kevin_Cage_:
The whales are still constantly accumulating $ XRP.This tells you a lot about why. That’s all you need to know There is value in having a global FI network capable of accessing RippleNet (XRP), I believe the future perspective and reality will adapt in the future.
For longer news related to XRP that has generated discussions, check out:
Ripple made Gram rich, but what about XRP holders? | Crypto Briefing
Don’t miss the moving news on the market The partnership between Ripple and MoneyGram continues to raise eyebrows as the cryptocurrency company pumps millions of dollars into the remittance company …. You should never make an investment decision on an ICO, IEO or other investments based on the information on this website and you should never interpret or rely on any of the information on this website as investment advice.
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