Ripple (XRP) Price Near $0.25; Moves Up For the 2nd Straight Day - CFDTrading

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The Hourly View for XRP

Last Updated October 19, 2020, 11:16 GMT

Currently, XRP’s price is up $0 (1.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 1 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 is up 0.66% ($0.0016) since the day prior, marking 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 day prior. Here is a daily price chart of Ripple.

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 another vantage point, consider that Ripple’s price has gone up 10 of the previous 14 trading days.



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