Ripple Closed Yesterday Up 1.5%

The Daily View for Ripple

  • At the time of this writing, XRP’s price is down $0 (-0.09%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Ripple. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple’s hourly price chart is shown below.

XRP

The Daily View for Ripple

  • Currently, XRP’s price is up $0.02 (1.5%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily 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.
  • Divergence between XRP’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XRP’s price.

Below is a daily price chart of Ripple.

XRP

Featured Ripple Idea From TradingView

Below is a trading comment entitled XRP update you may find interesting:

XRP is going to rally up soon, immediately XRP breaks $1.4, we will see $2 quickly. All time high for XRP coming.

IAMTHEONEE