The hourly display for XRP
Last updated November 1, 2020, 01: 036 GMT
Right now, the price of XRP has increased by $ 0 (0.08%) from the previous hour. XRP has seen its price drop down 4 hours in the last 5, thus creating some interesting opportunities for bears. From an hourly perspective, the market looks rather unstable; clear trends are not displayed in the 20, 50 and 100 hour periods. 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 a potential opportunity for rangebound traders.
Ripple Daily Price Summary
Ripple was up 0.25% ($ 0.0006) from the previous day, marking a reversal from the previous day and the end of a negative 3-day run. The change in price was accompanied by the change in volume which decreased by 46.11% from the previous day, but up by 36.54% from last week’s Saturday. Compared to other instruments in the Top Cryptos asset class, Ripple was ranked 6th from the previous day in terms of percentage change in price. Ripple’s daily price chart below illustrates.
Ripple technical analysis
Coming up to date, Ripple’s current price is close to its 20-day and 50-day moving averages; moving average crosses often indicate a change in momentum, so it may be worth keeping an eye on. Trending traders will want to observe that the the strongest trend appears on day 90 horizon; over that period of time, the price fell. Price stock traders in particular will want to note that the 30 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 risen by 17 of the previous 30 trading days.
