Ripple (XRP) closes the previous hour down by -0.16%; Crosses the 20 day moving average, makes a big move from the two week trend, points down for the second consecutive day


The hourly display for XRP

Last updated 27 October 2020, 01: 037 GMT

Currently, the price of XRP has dropped by $ 0 (-0.16%) from the previous hour. XRP has seen its price drop down by 24 hours in the last 30 hours, thus creating some interesting opportunities for bears. If you are a trend trader, please consider that the strongest clear trend on the hourly chart exists in the 20 hour period. Moving averages over the hourly timeframe suggest a bullish price, as 20, 50, 100 and 200 are all in bullish alignment, which means that shorter durations are above longer duration averages, which implies a solid upward trend.

Ripple Daily Price Summary

Ripple closed the previous day down 1.93% ($ 0.0049); this denotes the 2nd consecutive day that a drop has occurred. The price movement occurred on a stronger volume; in particular, yesterday’s volume increased by 116.89% compared to the previous day and by 10.44% compared to the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Ripple ranked 2nd from the previous day in terms of percentage change in price. Ripple’s daily price chart below illustrates.


Ripple technical analysis

First things first: Ripple broke its 20-day moving average yesterday. The clearest trend exists in the 90 days timeframe, which shows the price moving down during that period. Traders will also want to note, however, that a countertrend, i.e. a rising trend, can be seen over the 30 day period. This could be an interesting opportunity for traders who want to sell demonstrations in anticipation of the resumption of the primary trend. Or to look at it another way, note that over the past 30 days, Ripple’s price has risen by 17.

Heard on Twitter

On Twitter, here are the best tweets about Ripple:

  • From BabaCugs:

    You have five days to do whatever you want with your XRP bags, after which you are all on your own You know the risks Know your responsibilities You are the only person to blame for your life situation I have done my part to help God bless you Everyone

  • From XRP_OWL:

    Never forget that @BabaCugs sold every part of their XRP a week ago and traded it for a “gut instinct” chain. However, posting “factual” four-digit XRP $ and useful riddles to the community, which is nice. “Not responsible for investment decisions” In baba io …

  • From link:

    Anyone can find a price for XRP, but it doesn’t mean anything if they can’t prove how they got it. My ratings can be shown that this is the difference. Raising your finger in the air to get a price means nothing and is garbology

In terms of news links for Ripple, here’s one for you to check out:

Ripple TerraPay partner to increase remittance flow from Canada with FINTRAC license

Now the country wants remittances to work smoothly, faster and cheaper than ever before … With a license from FINTRAC, the company will use its technology to make it easier for immigrants to send funds around the world and go home to their families.

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