The Hourly View for XRP
Last Updated January 14, 2021, 03:017 GMT
Currently, Ripple’s price is up $0 (0.87%) 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. As for the trend on the hourly timeframe, we see the clearest trend 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 4.55% ($0.0133) since yesterday, marking the 2nd straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 17.57% from the day before — and down 65.16% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed above its 200 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. 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 down 17 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From xrp_mami:
Idk who needs to hear this. But it doesn’t matter what the SEC and the court deems XRP. It’s a currency for the WORLD. And the WORLD (Japan and London to name a few) is ready to use it as such ASAP. Enough of this clarity talk. We already have it.
- From jchervinsky:
Gary Gensler deeply understands crypto & has strongly supported bitcoin for years. His selection as SEC chair signals a policy shift in favor of a bitcoin ETF.He also went on record in 2018 saying there’s “a strong case” that XRP is a security, signaling no shift on that issue.
- From xrpartisan:
I just gotta say, the #XRPCommunity is way more fun than the Bitcoin community. I think because we’re the underdogs we know how important it is to support each other and keep each other strong for the day we all believe is coming.Soldier on XRP Army! 🎖️#XRP $XRP
For a longer news piece related to XRP that’s been generating discussion, check out:
announced today that ATMs at Japan’s Lawson Bank will accept SBI Remit’s international money transfer service beginning January 12….SBI Remit has been working with Ripple for several years to enable instant transfers abroad.