Ripple (XRP) Closes Prior Hour Up 2.44%; Moves Up For the 3rd Day In A Row, Makes Big Move Relative to Past Three Months

The Hourly View for XRP

Last Updated November 22, 2020, 02:037 GMT

At the moment, XRP’s price is up $0.01 (2.44%) from the hour prior. XRP has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 came into today up 40.21% ($0.1328) from the open of the previous day, marking the 3rd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 238.42% from the day prior, and up 427.55% from the same day the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 18 them.