Ripple (XRP) Closes Prior Hour Up 0.08%; Heads Up For the 2nd Day In A Row, Price Base in Formation Over Past 30 Days, in an Uptrend Over Past 14 Days

The Hourly View for XRP

Last Updated November 12, 2020, 02:039 GMT

Currently, XRP’s price is up $0 (0.08%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XRP. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today up 0.79% ($0.002) from the open of yesterday, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 25.47% from the day prior, and up 101.07% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 5th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From XRP_OWL:

    I believe in XRP That being said I’m not attached to it. I don’t believe “God” sent XRP to this world/blessed Trump with XRP 😂 if you do that’s fine🙏I believe XRP will break ATH but I could be wrong. This space is risky AF DYOR🙏That’s why I continue to research.

  • From Neloangelo314:

    The market must crash in order for Xrp to rise. #Xrp is like a ghost stuck in the physical world. We need to break on through to the other side in order for it to function. Price has been low this long in a new system? That’s why. System in place for what is to come.

  • From Janna_One_Trick:

    I can’t figure out how the world hasn’t moved on from this XRP is neither a share (does not bestow any title to property)
    or a bond (is not a debt instrument)thus can’t be declared a securityThe stubbornness of these old goblins is sickening@Ripple move out asap please

In terms of news links for Ripple here’s one to try:

Ripple Clients Can Now Get PayID Names, Here’s How

With thePayID, everyone can create a human-readable identifier of PayID transfers….However, the “starter-pack” functions, such as creating a customized “$” name, are already up and running.