Ripple (XRP) Price Near $0.25; Moves Up For the 3rd Straight Day, is Inching Close to 20 and 50 Day Averages

The Hourly View for XRP

Last Updated October 20, 2020, 11:16 GMT

At the moment, XRP’s price is up $0 (0.2%) from the hour prior. XRP has seen its price go down 24 out of the past 30 hours, thus creating some compelling opportunities for bears. 2 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

Ripple closed yesterday up 1.4% ($0.0034); this denotes the 3rd straight day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 140.63% from the day prior, and up 7.22% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.

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 additional context, note that price has gone up 10 out of the past 14 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:

  • From Lydia78976035:

    I just love it when people are hostile towards $VET $XRP and $XLM. If I say I own XLM they ask why not XRP. If I say I own XRP then why not VET. If I say I own XRP then I must be crazy. 😂You gotta trust your own instincts and laugh at all of the noise. What a time to be alive.

  • From mrlevelup:

    I have a busy week so going to focus on my business. My data says it goes down until something major changes that. Such as a daily candle close over 26 cents for XRP + other assets responding too.
    Wish everyone the best, whether you want it to go up or down. I’ll catch up later.

  • From jussyc123:

    It’s amazing how shitty people can become when you dare to say anything negative about xrp. Anyone would think it is part of the family or something! To me it’s an asset I bought which I hope to make money out of. No more. The emotional attachment some have is weird and sad

As for a news story related to Ripple getting some buzz:

Ripple Prediction: XRP Adoption To Explode, Following Partnership With Bank Of America – Crypto Gazette

Now, it’s been revealed that Ripple has published its third annual report on “Blockchain in Payments” – this details positive results for the blockchain industry, the XRP digital asset, and cryptos….The companies that have been surveyed say that their customers expect them to “continue to innovate in payment technologies.” Regarding adoption, the report revealed that 34% of participants are in the production of some solution with blockchain technology.