The Hourly View for XRP
Last Updated October 20, 2020, 01:037 GMT
Currently, XRP’s price is up $0 (0.08%) from the hour prior. XRP has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. 3 The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ripple Daily Price Recap
Ripple closed yesterday up 1.4% ($0.0034); this denotes the 3rd straight day an increase has occurred. As for how volume fared, yesterday’s volume was up 140.63% from the previous day (Sunday), and up 7.22% from Monday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ripple’s price has gone up 18 of the previous 30 trading days.