Ripple Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it comes in at a price of 0.2152 US dollars, up 1.75% since yesterday. The price move occurred on volume that was down 50.11% from the day prior, but up 4.24% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class. Let’s take a look at price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 50 day moving averages, which may act as price barrier for the asset. Volatility for Ripple has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. For additional context, note that price has gone down 8 out of the past 14 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 digitalassetbuy:
XRP “one percent” Club
“There might be a day very soon where this 1% translates into the classical notion of “the one percent”-the upper echelons of personal net worth”
– HODOR Blog
- From LeoHadjiloizou:
Upcoming Ripple motion to dismiss the lawsuit (Jan 15)Don’t expect clarity whether XRP is a security or not. If Ripple wins, case will be dropped but no declaration if XRP is a security or not will be made. If the motion is not granded, the case will simply move forward.
- From BabaCugs:
When you understand the scope of Marvin GayeYou will understand the magnitude of the matters at playThis is not just about [ XRP ] but a defining moment in history Believe it is impossible till it is shown possibleSoon you will all see
For a longer news piece related to XRP that’s been generating discussion, check out:
XRP (XRP) Price Today – XRP / USD Steiger states that regulatory issue is one of the biggest issues the company is facing, followed by the mass adoption of the digital assets among banks and fintech companies….It becomes a smoother process of integrating and enabling participants using ODL.” Commenting on whether Ripple’s ODL project is a scam or not, Steiger went thus: “For us, we’ve wanted to use Ripple for a long time.