The Hourly View for XRP
Last Updated December 3, 2020, 02:036 GMT
At the time of this writing, XRP’s price is down $0 (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XRP. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Ripple Daily Price Recap
0.631 (USD) was the opening price of the day for Ripple, resulting in yesterday being one in which price moved up 3.19% ($0.0195) from yesterday. This move happened on lower volume, as yesterday’s volume was down 39.93% from the day before — and down 69.94% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to yesterday. Below is a daily price chart of Ripple.
Ripple Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 them.