Ripple (XRP) Closes Last Hour Down $-0.02; 2 Day Up Streak Ended, in an Uptrend Over Past 14 Days

The Hourly View for XRP

Last Updated November 26, 2020, 02:037 GMT

Currently, XRP’s price is down $-0.02 (-2.66%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 5 of the past 5 hours. 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 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 0.6308 US dollars, down 9.11% ($0.0632) since the previous day. The price move occurred on volume that was down 58.8% from the day prior, but up 169.69% from the same day the week before. 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 the previous day. Below is a daily price chart of Ripple.

XRP

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 up. For additional context, note that price has gone up 19 out of the past 30 days.

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 1n_w3:

    Local radio station morning show was talking about Bitcoin this morning & asked listeners to call in & explain what Bitcoin was cause it’s all over the news……..
    I called in & said ” slow, expensive & a waste of time:) Then I started talking about the benefits of XRP!
    Felt👍

  • From CredibleCrypto:

    $XRP is a beast. You don’t short beasts. You just buy more of the beast when it dips. Ben tried shorting the beast once and now he is broke. Joe bought the beast on a dip, now he is woke. Don’t be like Ben. Be like Joe. Buy the beast.

  • From susietrader:

    PayPal
    @PayPal Why do you use BCH over XRP or LTC for that matter. YOU exclude XRP for your 358M clients to buy and your 28million merchants to buy WHY?? XRP IS THE BEST CRYPTO TECHNOLOGY OUT THERE – WHAT IS GOING ON – XRP SHOULD BE AVAILABLE TO YOUR CLIENTS.
    @bgarlinghouse

For a longer news piece related to XRP that’s been generating discussion, check out:

Dormant Ripple Whale Linked to Genesis Address Moves 40 Million XRP to Bitstamp – BeInCrypto

The address is linked to a Genesis block of the XRP blockchain….Whale Alert claims that the address is linked to the genesis block of the XRP blockchain….Others, however, point out that the group of addresses linked to the genesis block has been sending funds to Bitstamp for at least three years.