Ripple (XRP) Price Near $1.10; Heads Up For the 2nd Straight Day, in a Downtrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated September 15, 2021, 15:17 GMT

At the moment, Ripple’s price is up $0 (0.45%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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

Ripple came into today up 0.38% ($0.0028) from the open of the previous day, marking the 2nd straight day an upward move has occurred. The change in price came along side change in volume that was up 0.41% from previous day, but down 51.27% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since the previous day in terms of percentage price change. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

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. For additional context, note that price has gone up 15 out of the past 30 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 CGasparino:

    Breaking (1/2) One question I have for Jay Clayton (and calls are out to him) why in your last days as @SECGov chair do you do a case like the one against @Ripple/XRP?Maybe there’s a good explanation. I should also point out the government revolving door is nothing new, so him

  • From Kevin_Cage_:

    ✅So Dan Morehead, CEO of one of the first & largest Crypto Hedge Funds, said $XRP will still be a Top 10 Network 10 YEARS FROM NOW..Imagine what the Global Crypto Market Cap will be? $10T, $100T, etcHow big will assets in the Top 10 be?HINT: These prices will not be low 📈

  • From BONTESA_:

    Never go all-in on 1 crypto. With the knowledge i have i should be a multi millionaire by now. All i did was holding $XRP for 4 years while doing TA on other pairs that went 100X + It’s the biggest lesson & biggest failure in my crypto venture.

For a longer news piece related to XRP that’s been generating discussion, check out:

Ripple price analysis: Can bulls break through the $1.10 resistance | Cryptopolitan

Since then the indicator has remained narrow as the price oscillated around the bands’ mean line.  Overall, the 4-hour Ripple price analysis issues a sell signal, with 11 of the 26 major technical indicators suggesting a downwards movement across the timeframe….At the same time, ten of the indicators remain neutral and do not issue any signals at the time of writing.  The 24-hour XRP price analysis shares this sentiment and shows nine indicators in favor of the bears against eight indicators supporting the bulls.