Ripple (XRP) Closes Last Hour Up $0.00; 3 Day Down Streak Snapped, Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated October 18, 2020, 01:037 GMT

At the moment, XRP’s price is up $0 (0.12%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 hour timeframes. Price action traders may also wish to note that we see a doji candlestick pattern on XRP. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly 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 Daily Price Recap

Ripple’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 0.21% ($0.0005). This move happened on lower volume, as yesterday’s volume was down 51.79% from the day before — and down 45.42% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to the day prior. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

Coming into today Ripple is now close to its 20, 50 and 100 day averages, located at 0.25, 0.25 and 0.25 respectively, and thus may be at a key juncture along those timeframes. For additional context, note that price has gone up 7 out of the past 10 days.