Ripple (XRP) Closes Last Hour Up $0.00; in a Downtrend Over Past 90 Days, Heads Up For the 2nd Day In A Row

The Hourly View for XRP

Last Updated July 23, 2021, 04:017 GMT

Currently, Ripple’s price is up $0 (0.5%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ripple Daily Price Recap

Ripple came into today up 3.73% ($0.0213) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was down 4.65% from previous day, but up 28.32% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to yesterday. The daily price chart of Ripple below illustrates.

XRP

Ripple Technical Analysis

Coming into today the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ripple’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From CryptoBull2020:

    To all those complaining about me sharing injuries and deaths from the COVID vaccine: I don’t care if I lose my Twitter account. I know #XRP will make me rich and at least I can say I did something good warning people and saving lives before the vaccine kills more!

  • From mrnguyen007:

    Prepare for what’s coming! In the blink of an eye the price will change… πŸ‘€βœ…1. Flares Spark Token Distribution
    2. Ripple lawsuit ended
    3. Exchanges Re-listed XRP
    4. Ripple IPO goes live on Stock Exchanges
    5. World Central Banks adopted XRP as Bridge Currency
    6. Bingo βœ”

  • From XRP_OWL:

    People hate on me because I call bullshit. I’ve been around long enough to know. DAI fucked the $XRP community, people turned the other cheek. I provided that dude with tons of info for a long ass timeHe turned around and fucked the communityAn apology was never given

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

Toward A Ripple Test At The SEC

Goforth notes the following conditions which would exempt the asset from registration: Goforth is appalled that the SEC would wait so long prior to initiating its action against Ripple and says that Congress must reign in the agency….A Ripple Test could create the humility the SEC needs to determine first whether it is in the right to pursue regulatory action.