Ripple (XRP) Price Near $0.24; Moves Up For the 2nd Straight Day - CFDTrading

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The Hourly View for XRP

Last Updated October 19, 2020, 01:036 GMT

At the moment, XRP’s price is up $0 (0.04%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. 2 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

Ripple closed the previous day up 0.66% ($0.0016); this denotes the 2nd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 15.76% from the day before — and down 22.38% 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. The daily price chart of Ripple below illustrates.

XRP

Ripple Technical Analysis

Coming into today the current price of Ripple is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.



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