Ripple (XRP) closes the previous hour down by -0.56%; in an uptrend for the past 14 days, pin bar pattern appearing on the chart, third consecutive day warning


The hourly display for XRP

Last updated November 16, 2020, 02: 037 GMT

Currently, the price of XRP has dropped by $ 0 (-0.56%) from the previous hour. It was a party for the bears operating on an hourly time frame, as XRP has now dropped by 5 of the last 5 hours. As for the trend of the hourly time frame, we see the clearest trend over the 50 hour time frame. 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 closed the previous day up 0.45% ($ 0.0012); this denotes the third consecutive day it has risen. The price movement occurred on volume that fell 38.3% from the previous day, but up 240.51% from the same day the previous week. On a relative basis, the previous day was pretty good: Ripple beat all 7 assets in the Top Cryptos class 🙂 Let’s take a look at Ripple’s daily price chart.


Ripple technical analysis

Going in today, Ripple is now close to its 100-day averages, located at 0.26 respectively, and thus could be at a key moment along those times. Trending traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price went up. Or to look at it another way, note that over the past 14 days the price of Ripple has risen by 9.

[ad_2]Source link