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The Hourly View for XRP

Last Updated June 21, 2021, 02:046 GMT

At the time of this writing, XRP’s price is down $-0.01 (-1.23%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 9 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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

The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.7744 US dollars, up 1.85% ($0.0141) since yesterday. As for how volume fared, yesterday’s volume was up 72.85% from the previous day (Saturday), and up 30.93% from Sunday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to yesterday. The daily price chart of Ripple below illustrates.

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 down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 8 out of the past 14 days.

(Excerpt) Read more Here | 2021-06-20 20:47:19

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