Ripple (XRP) Closes Prior Hour Down -0.09%; in a Downtrend Over Past 90 Days, Heads Up For the 2nd Straight Day, Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated September 15, 2021, 01:017 GMT

At the time of this writing, Ripple’s price is down $0 (-0.09%) from the hour prior. Ripple has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. 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 is up 0.38% ($0.0028) since yesterday, marking the 2nd straight day an upward move has occurred. The price move occurred on volume that was up 0.41% from the day prior, but down 51.27% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since yesterday in terms of percentage price change. Let’s take a look at the 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 another vantage point, consider that Ripple’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

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

  • 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 XRP_OWL:

    If you believe XRP is a shitcoin I’m assuming you believe:- The government is here to help you
    – Bitcoin is revolutionizing anything in 2021
    – Your meme coin will survive a bear market
    – Ethereum gas fees are good for crypto
    – Crypto replaces digital fiat

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

Japan’s crypto exchange to relist XRP as it seems that Ripple can beat SEC charges | Invezz

However, as time went by and the case between the two became more complex, Ripple seems to have actually managed to start getting an upper hand against the regulator….The case could either make or break Ripple and XRP, turning them into one of the heroes of the crypto industry, or into another project that fell under the regulator.