Ripple (XRP) Closes Last Hour Up $0.00; Heads Up For the 2nd Straight Day, Price Base in Formation Over Past 90 Days

The Hourly View for XRP

Last Updated November 21, 2020, 02:037 GMT

At the time of this writing, XRP’s price is up $0 (0.8%) 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 100 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 8.58% ($0.0261); this denotes the 2nd straight day an increase has occurred. As for how volume fared, yesterday’s volume was up 40.84% from the previous day (Thursday), and up 139.41% from Friday of the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! The daily price chart of Ripple below illustrates.

XRP

Ripple Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 10 them.