The Hourly View for XRP
Last Updated April 23, 2021, 05:017 GMT
At the moment, Ripple’s price is down $-0.04 (-3.6%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 9 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ripple Daily price Recap
Ripple is down 10.38% ($0.134) since the previous day, marking the 2nd straight day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 36.97% from the day prior, and up 19.36% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the previous day. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone down 9 of the previous 14 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From DefendDark:
Dears, I have checked charts today. #XRP can follow 2 paths:
1. Can jump towards $1.40s with a hard retrace back to $1 area followed by a huge move towards ATH+.or2. Can acumulate in this area slowly and again ATH+.All roads to ATH. We have less time. Targets are clear.
- From Anbessa100:
- From SirRobArtII1:
I’m throwing an exclusive #XRP party when it hits $10 this year in Miami for my millionaire friends. Please don’t take any bodyguards with you and make sure to have your Nano Ledger S on your person. Leave your phones at home, too. I’ll lend you mine if you need to call.
In terms of news links for Ripple here’s one to try:
Filan has been involved with the lawsuit filed by the Securities and Exchanges Commission (SEC) versus Ripple Labs and two of its executives….According to Filan, the XRP community, with their active role and participation, is making “a huge impact” on the case….The lawyer is also trying to create a “searchable list” for all XRP holders that have signed his previously introduced petition for a Class Action Lawsuit….Deaton has highlighted the importance the case SEC versus Ripple Labs could have for the entire crypto industry.