The Daily View for Ripple
- At the moment, XRP’s price is down $0 (-0.19%) from the day prior.
- It’s been a feast for bulls operating on the daily timeframe, as Ripple has now gone up 4 of the past 5 days.
- From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
- The moving averages on the daily 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’s hourly price chart is shown below.
The Daily View for Ripple
- At the time of this writing, XRP’s price is down $0 (-0.19%) from the day prior.
- This move is a reversal from the day prior, which saw price move up.
- Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
- The moving averages on the daily 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.
- Divergence between XRP’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XRP’s price.
Below is a daily price chart of Ripple.
Featured Ripple Idea From TradingView
Below is a trading comment entitled ✈️ XRP PULLS BACK UP HARD! ✈️ you may find interesting:
Hey everybody! Wishing well as always. 💥XRP has managed to pull up incredibly hard much like a plane does when you pull all the way on the joystick when trying to avoid something. For us that something has been the fall, we’ve managed to avoid falling further and gained support at the points which we needed following in tune with Bitcoin as it did the same to avoid that $20,000 mark. ✈️My marked indicators gave you all you needed to…
