The Hourly View for XRP
Last Updated February 1, 2021, 02:017 GMT
At the time of this writing, Ripple’s price is down $0 (-0.73%) 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 50 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 closed the previous day up 57.05% ($0.1615); this denotes the 3rd straight day it has gone up. As for how volume fared, yesterday’s volume was up 220.57% from the previous day (Saturday), and up 1160.65% from Sunday of the week before. On a relative basis, the previous day was pretty good: Ripple bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, Ripple crossed above its 50, 100 and 200 day moving averages yesterday. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 17 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From ObviousRise:
Let me be clear, I’m not here for a one-day pump, I’m here to beat the institutions and not have them further manipulate the price of XRP down until they are ready.I’m here for a multi-year pump, I’m not selling 1 $XRP for less than $100. I’ve always said that.HODL
- From xrp_mami:
It can’t be a pump and dump if you don’t plan on dumping. I HODL everything cuz I’m not a little bitch #XRP. Not financial advice. But hypothetically if we all threw $1,000 at once. With over 100K members in the group. That’s $100Million dollars all buying at once. Just saying.
- From WietseWind:
This is my Tweet to be quoted (by me) from now on (DM’s, LinkedIn, e-mail, etc.)Re: XRP Pump “please advise”, etc.It’ll be a mess. I’m in this for the *technology* (XRP Ledger). Not for the speculation. I won’t be buying, I won’t be selling: I’ll be building.
In terms of news links for Ripple here’s one to try:
You can pump it relatively easily.” As CryptoSlate reported, the SEC filed a lawsuit against Ripple Labs and its executives on December 22, alleging that since 2013, the firm has earned around $1.38 billion by selling XRP tokens—which are effectively unregistered, and thus illegal, securities….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice….© 2021 CryptoSlate.