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The Hourly View for XRP

Last Updated November 13, 2020, 02:037 GMT

At the time of this writing, XRP’s price is down $0 (-0.39%) 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 50 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

0.255 (USD) was the opening price of the day for Ripple, resulting in yesterday being one in which price moved down 0.47% ($0.0012) from yesterday. The change in price came along side change in volume that was down 6.59% from previous day, but up 42.09% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th for the day in terms of price change relative to yesterday. The daily price chart of Ripple below illustrates.

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. 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 15 them.

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 XRP_OWL:

    ?I’m done deep diving XRP. My bags are packed. I’ve been ready.I’ll still present info as I find it. I still 100% believe in #XRP utility but won’t ever promise you the moon.Now time to deep dive everything else. If I would have done this previously I’d be retired?

  • From XRP_OWL:

    I’m still presenting xrp news btw I just want to present other opportunities as well. The same due diligence I’ve put into and will continue to put into xrp will be put across all digital assets.I want us all to make $ I want to find opportunities for all of us

  • From Janna_One_Trick:

    I can’t figure out how the world hasn’t moved on from this XRP is neither a share (does not bestow any title to property)
    or a bond (is not a debt instrument)thus can’t be declared a securityThe stubbornness of these old goblins is sickening@Ripple move out asap please

(Excerpt) Read more Here | 2020-11-13 02:38:00


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