The hourly display for XRP
Last updated 23 November 2020, 00: 017 GMT
Currently, the price of XRP has increased by $ 0.01 (1.37%) from the previous hour. It was a feast for the bears operating on an hourly time frame, as XRP has now dropped by 8 of the past 10 hours. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 100 hour period. The moving averages over the hourly timeframe suggest a fall in price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are lower than the longer duration averages, the which implies a stable downward trend.
Ripple Daily Price Summary
Ripple closed yesterday up 40.21% ($ 0.1328); this denotes on the 3rd consecutive day that an upward movement has occurred. As for the volume trend, yesterday’s volume increased by 238.42% compared to the previous day (Saturday) and by 427.55% compared to the Sunday of the previous week. Ripple has outperformed all 7 assets in the Top Cryptos asset class since yesterday. Here is a graph of Ripple’s daily price.
Ripple technical analysis
Trend traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price went up. For another point of view, consider that Ripple’s price has increased by 8 of the previous 10 trading days.
