The hourly display for XRP
Last updated Nov 15, 2020, 02: 037 GMT
Currently, the price of XRP has dropped by $ 0 (-0.61%) from the previous hour. XRP has seen its price drop down 4 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 20 hours. The moving averages over the hourly timeframe suggest a fall in price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are lower than the longer duration averages, the which implies a stable downward trend.
Ripple Daily Price Summary
Ripple closed the previous day up 0.94% ($ 0.0025); this denotes the 2nd consecutive day it has increased. As for the volume trend, yesterday’s volume increased by 53.58% compared to the previous day (Friday) and by 191.01% compared to the previous week’s Saturday. Ripple outperformed all 7 assets in the Top Cryptos asset class from the previous day. Here is a graph of Ripple’s daily price.
Ripple technical analysis
Coming to today, Ripple’s current price is close to its 100-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 increasing over time. For another point of view, consider that Ripple’s price has increased by 7 of the previous 10 trading days.