Ripple (XRP) price close to $ 0.24; Exceeds the 50 day moving average, moves down for the 2nd consecutive day


The hourly display for XRP

Last updated 30 October 2020, 01: 037 GMT

Currently, the price of XRP has dropped by $ 0 (-0.29%) from the previous hour. XRP has seen its price drop down 4 hours in the last 5, thus creating some interesting opportunities for bears. As for the trend of the hourly time frame, we see the clearest trend over the 100 hour time frame. The moving averages on the hourly timeframe suggest a bullish trend in the price, as 20, 50, 100 and 200 are all in a bullish alignment, which means that the shorter durations are above the longer duration averages, the which implies a solid upward trend.

Ripple Daily Price Summary

Ripple is down 1.38% ($ 0.0034) from the previous day, marking the 2nd consecutive day, there was a decrease. The change in price was accompanied by the change in volume which increased by 27.91% from the previous day, but down 53.96% from last week’s Thursday. Of the 7 instruments in the Top Cryptos asset class, Ripple finished in sixth place on the day in terms of price change from the previous day. Below is a chart of Ripple’s daily prices.


Ripple technical analysis

Moving average crossovers are always interesting, so let’s start there: Ripple broke its 50-day moving average yesterday. Trending traders will want to observe that the the strongest trend appears on day 90 horizon; over that period of time, the price fell. For another plus point, consider that Ripple’s price has risen by 7 of the previous 14 trading days.

Heard on Twitter

For laughs, quarrels or really useful information, let’s see what the most popular tweets related to Ripple have been in the last day:

  • From XRP_stuart:

    I probably just bought my latest $ XRP bag around $ 0.25 The next time I buy XRP it will be less than $ 0.10 or never hopefully! When you’ve been shopping for XRP for years and years with almost any egg in one basket, there comes a time when you need to stop.

  • From Neloangelo 314:

    Xrp is the backbone of the digital economy. That’s why the price is low. Wait to enter that world. He died in this one, I live in the next. I’m definitely going to expand your mind. Realize that the digital economy is basically here. Wait a little longer.

  • From Neloangelo 314:

    So if Xrp is here during the rise of the golden age / digital age, and the blackout / market crash is the catalyst and all that goes with it. So you can deduce within that darkness, that Xrp spark will be born. 🔥 to light up that green vertical line up.

For longer news related to XRP that has generated discussions, check out:

Ripple and R3 Partner with 12 Banks to Try XRP for Cross-Border Payments | Ripple

#Fintech company @ R3CEV experiments with Ripple’s XRP to scale liquidity, reduce costs of # cross-border payments … Rather than relying on our accounts to hold various currencies around the world, banks can enable the exchange of value in real time using an independent digital resource.

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