The hourly display for XRP
Last updated November 20, 2020, 02: 036 GMT
At the moment, the price of XRP has increased by $ 0 (0.69%) from the previous hour. This is a reversal of the price action in the previous hour, in which the price has risen. As for the trend of the hourly time frame, we see the clearest trend over the 50 hour time frame. The moving averages over the hourly timeframe suggest a fall in the price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are below the longer duration averages, the which implies a stable downward trend.
Ripple Daily Price Summary
The back-and-forth price flow continues for Ripple, which began today at US $ 0.3042, up 3.61% ($ 0.0106) from yesterday. The change in price was accompanied by the change in volume which decreased by 13.33% from the previous day, but up 124.55% from last week’s Thursday. Of the 7 instruments in the Top Cryptos asset class, Ripple finished in 2nd place for the day in terms of price change compared to yesterday. Below is a chart of Ripple’s daily prices.
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 another point of view, consider that Ripple’s price has increased by 10 of the previous 14 trading days.
