Ripple (XRP) Price Near $0.56; in an Uptrend Over Past 30 Days
Enthusiasm aside.
Ripple
(Last Updated March 4, 2021)
Hello! This is the news page for Ripple. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
Perhaps the most noteworthy trend we’re seeing on XRP is at the 14 day level, where a clear downtrend is apparent.
XRP Moving Averages
Nuances in the trend on XRP can be understood by observing the behavior of its moving averages. The 50 and 200 day averages suggest a bullish trend, as they are pointing upwards, while the 20 and 100 day averages are pointing downward, suggesting a bearish trend on those timeframes.
Below is a chart showing XRP’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, XRP’s price is up $0.01 (2.77%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. 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 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows XRP’s price action over the past year.
Ripple (XRP) Closes Prior Hour Up 0.45%; in an Uptrend Over Past 30 Days, Pin Bar Pattern Appearing on Chart
This move happened on lower volume, as yesterday’s volume was down 25.14% from the day before — and down 27.59% from the same day the week before.
Ripple (XRP) Closes Last Hour Up $0.01; Heads Down For the 2nd Consecutive Day, But Still in an Uptrend Over Past 14 Days
My main focus has now shifted to growing my other bags.
Ripple (XRP) Price Near $0.54; in an Uptrend Over Past 14 Days, 6 Day Up Streak Snapped, Bearish Engulfing Pattern Present
The price move occurred on volume that was down 34.23% from the day prior, but up 13.11% from the same day the week before.
Ripple (XRP) Closes Prior Hour Up 0.75%; Moves Up For the 4th Straight Day, in an Uptrend Over Past 30 Days
Hodl and let’s see where she takes us.
Ripple (XRP) Price Near $0.51; Moves Up For the 2nd Consecutive Day, in an Uptrend Over Past 30 Days
Data from analytics website bithomp, which tracks xrp transactions, says that both transactions were conducted by coinbase: the largest crypto asset exchange in the u.s.
Ripple (XRP) Price Near $0.46; in an Uptrend Over Past 30 Days, 2 Day Down Streak Ended
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Ripple (XRP) Price Near $0.47; 2 Day Down Streak Ended
It’s been a feast for bears operating on an hourly timeframe, as ripple has now gone down 4 of the past 5 hours.