Ripple (XRP) Closes Last Hour Down $0.00; in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart, Heads Up For the 2nd Consecutive Day

The Hourly View for XRP

Last Updated November 15, 2020, 02:037 GMT

Currently, XRP’s price is down $0 (-0.61%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 the previous day up 0.94% ($0.0025); this denotes the 2nd consecutive day it has gone up. As for how volume fared, yesterday’s volume was up 53.58% from the previous day (Friday), and up 191.01% from Saturday of the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

Coming into today the current price of Ripple is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 10 trading days.