Ripple (XRP) Price Near $0.45; Makes Big Move Relative to Past Three Months, Moves Up For the 3rd Day In A Row

The Hourly View for XRP

Last Updated November 23, 2020, 00:017 GMT

Currently, XRP’s price is up $0.01 (1.37%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. 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 40.21% ($0.1328); this denotes the 3rd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 238.42% from the previous day (Saturday), and up 427.55% from Sunday of the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since yesterday. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ripple’s price has gone up 8 of the previous 10 trading days.