The Hourly View for XRP
Last Updated March 14, 2021, 03:04 GMT
Currently, XRP’s price is up $0 (0.15%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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
The end of a 3 day negative run has come for Ripple, which finished the day prior up 4.14% ($0.0182). The price move occurred on volume that was down 11.96% from the day prior, but up 28.85% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed above its 50 day moving average yesterday. Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From attorneyjeremy:
@IProbablyKnowN1 @RippleyMoon @jesse_hynes @JohnEDeaton1 I’m not being paid. I actually lose money doing this and Youtube but do it because I have a good time making the videos and because the XRP community is so appreciative and desirous of information. I am also very interested in crypto and learn a lot here.
- From HigherManas:
@CryptoPennyCO SEC lawsuit is actually a strong indication #XRP will indeed be the bridge. As far as I’m concerned it’s all about taking XRP from Brad & Chris while putting gov’t controls in place around how the escrow will be used. Why bother with all of this if XRP was a dud? Seems obvious.
- From XRP_OWL:
XRP WILL melt faces Not If When I’m all for diversifying, some of my bags have surpassed xrp by a lot. BUTDon’t lose track of why you bought XRP in the first place ….it is one of a few that can (will) shake the world ‘Pasta Coin’ isn’t in the “shake the world group”
As for a news story related to Ripple getting some buzz:
Ripple Giant and Coinbase Shift Staggering 237 Million XRP
As reported by Whale Alert, in the last 15 hours, Ripple fintech giant and Coinbase have conducted three transfers, carrying a total of $108.5 million worth of XRP….As reported by U.Today earlier this week, Ripple Labs and MoneyGram had terminated their partnership agreement.