The hourly display for XRP
Last updated November 2, 2020, 01: 036 GMT
Currently, the price of XRP has dropped by $ 0 (-0.08%) from the previous hour. XRP has seen its price drop down 8 hours in the last 10 hours, thus creating some interesting opportunities for bears. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 50 hour period. Price action traders may also want to note that we see a pin bar candle pattern on XRP. Given that we see an uptrend over the 20 hour candle time frame and such candlestick patterns often denote reversals, this can be noteworthy. 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 closed the previous day up 0.04% ($ 0.0001); this indicates that an increase occurred on the 2nd consecutive day. This move happened with lower volume, as yesterday’s volume fell 41.05% from the day before and 8.02% 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. Below is a chart of Ripple’s daily prices.
Ripple technical analysis
The first thing we should note is that Ripple’s current price is close to its 20 and 50-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 in the 90 days 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 sentosumosaba:
Huge cryptocurrency acquisition of largest market maker #XRP by SBI to create / deliver DEEP liquidity. Totally, an under-the-radar move. Throwing everything (except the kitchen sink) to this obstacle despite US regulators sleeping behind the wheel. OH! btw, e-wallet of the bank of Vietnam OK.
- From WhipLash347:
QUANTUM Nesara / Gesara and all the clues launched by Starlink Rocket “QUANTUM”. Q save the world video shows the war between the USA and ChYNa Tech. XRP “REG” vs BTC / ETH “NON REG” family. 1776
Gold will destroy the Fed. Parscale tells you about suppressed technologies = Cure and more. - From Naturalmed777:
#XRP
Is a financial crash imminent and will XRP provide liquidity for a new financial system? If so and yes, you will probably be very rich. #XLMIs the dollar is about to collapse and will the new dollar and other CBDCs travel on XLM? If so and yes you will be rich.
As for a Ripple-related news getting a bit of buzz:
‘Combination of obstacles’ blocking the use of XRP as a bridge resource, says Ripple executive – AMBCrypto
Recently, addressing one of these questions, Ripple CTO David Schwartz said a “combination of obstacles” is likely responsible for banks holding back from using XRP as a bridge asset … XRP, XRPL will be ‘ Bridge ‘Between CBDC, Says Ripple CEO Ripple: Looking if We Need to Move to a Country Where Regulations Are Clear Ripple’s David Schwartz Sheds Light on Upcoming XRPL Changes as “against expense”: MoneyGram CEO Ripple Responds to Visa Acquisition as Expected by the “Strategic Moves” community David Schwartz of Ripple expects diversification in the blockchain landscape in 2020 Your email address will not be published.
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