Ripple (XRP) Price Near $0.24; Moves Down For the 3rd Day In A Row
It’s been a feast for bears operating on an hourly timeframe, as xrp has now gone down 24 of the past 30 hours.
Ripple
(Last Updated October 22, 2020)
Hello! This is the news page for Ripple. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on XRP, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 and 14 day timeframes. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
XRP Moving Averages
Nuances in the trend on XRP can be understood by observing the behavior of its moving averages. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bullish, suggesting the trend is generally upward, aside from a fall about 7 weeks prior.
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 (4.45%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up 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 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. XRP’s weekly price action over the past 52 weeks can be seen via the chart below.
Ripple (XRP) Price Near $0.25; Breaks Below 20 Day Average, Moves Down For the 2nd Consecutive Day, is Inching Close to 20 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
Ripple (XRP) Price Near $0.25; 7 Day Up Streak Broken, Eyes 50 and 100 Day Averages, Breaks Below 50 and 100 Day Averages
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Ripple (XRP) Price Near $0.25; Crosses 20 Day Moving Average, Moves Down For the 2nd Consecutive Day, Nears 20 Day Moving Average
I’ve put in the hours and sacrificed a lot for xrp community.
Ripple (XRP) Closes Prior Hour Up 0.12%; Breaks Below 50 and 100 Day Averages, Nears 50 and 100 Day Moving Averages, 7 Day Up Streak Ended
It’s been a feast for bears operating on an hourly timeframe, as xrp has now gone down 24 of the past 30 hours.
Ripple (XRP) Closes Last Hour Down $0.00; Heads Up For the 7th Straight Day, Price Base in Formation Over Past 90 Days, Doji and Pin Bar Patterns Appearing on Chart
I look at projects that are laying the rails today to dominate the market in the future.
Ripple (XRP) Closes Prior Hour Up 0.19%; Heads Up For the 7th Straight Day, Price Base in Formation Over Past 90 Days, Doji and Pin Bar Patterns Appearing on Chart
1 Price action traders may also wish to note that we see a doji candlestick pattern on xrp.
Ripple (XRP) Closes Last Hour Up $0.00; Heads Up For the 6th Straight Day, Price Base in Formation Over Past 90 Days, Pin Bar Pattern Appearing on Chart
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.
Ripple (XRP) Price Near $0.25; Price Base in Formation Over Past 90 Days, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart
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.
Ripple (XRP) Closes Last Hour Down $0.00; Heads Up For the 5th Consecutive Day, in an Uptrend Over Past 14 Days, Price Base in Formation Over Past 90 Days
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.