The hourly display for XRP
Last updated November 19, 2020, 02: 036 GMT
At the time of writing, the price of XRP has increased by $ 0 (0.75%) from the previous hour. This move is a reversal from the previous hour, which saw the price rise. Regarding the trend, note that the strongest trend exists in the 100 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 potential opportunity for rangebound traders.
Ripple Daily Price Summary
Ripple’s 5-day streak officially ended, with the close of yesterday’s candle down 3.01% ($ 0.0091). The change in price was accompanied by the change in volume which decreased by 8.8% from the previous day, but up 142.04% from last week’s Wednesday. Of the 7 instruments in the Top Cryptos asset class, Ripple finished in fourth place for the day in terms of price change compared to yesterday. Let’s take a look at Ripple’s daily price chart.
Ripple technical analysis
The clearest trend exists on the 14th day timeframe, which shows the price increasing over time. Price action traders in particular will want to note that the 90 day period appears to show the price forming a base; this could indicate that a support / resistance level is developing. For further context, please note that the price has increased 7 days over the past 10 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 KiaCrypto:
some considerations on #XRP
@ripple decides to buy back their asset to help the market blah blah
to me it means that the floor has been fixed.
Next, they remove or shrink the sales walls. Now, the brake is released and supply is limited, demand drives the price up.
$ 14 on arrival - From CyPhlux:
So many people getting excited for 0.2 cents! #xrpthestandard #XRP
You! Have we seen it how many times? Then it goes down again. I won’t get excited until we hit 0.50 cents as a minimum. We have seen this broken record do it too many times. - From Neloangelo 314:
The high stable price that the world agrees on allows Xrp to remain high and stable for an infinite period of time. Gold will see historical breakthroughs like never before. Like all precious metals. When money turns to ash, the world will turn to cryptocurrencies and precious metals.
As for a news related to Ripple getting some buzz:
Ripple: XUMM banking app will soon be ready for mass adoption
Wietse Wind, the founder of XRPL Labs, has now informed the community in a new update that the latest beta 0.6.0 has been released and numerous bugs and errors have been fixed …. The app launched on 30 March 2020 and has since received numerous updates …. With the new version, XUMM also shows visibly within the app as soon as there is a new app update.
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