The hourly display for XRP
Last updated November 30, 2020, 02: 037 GMT
Currently, the price of XRP has dropped by $ 0 (-0.25%) from the previous hour. It was a party for the bears operating on an hourly time frame, as XRP has now dropped by 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists in the 20 hour period. Price action traders may also notice that we see a bar shaped candlestick pattern on XRP. Given that we see an upward trend over the time frame of the 20 and 10 hour candles and that such candle 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 potential opportunity for rangebound traders.
Ripple Daily Price Summary
The back and forth price flow continues for Ripple, which started today at US $ 0.6057, down 3.38% ($ 0.0212) from yesterday. This move happened with lower volume, as yesterday’s volume fell 34.5% from the day before and 58.7% from the same day the previous week. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class yesterday. Ripple’s daily price chart below illustrates.
Ripple technical analysis
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 9 of the previous 14 trading days.
