The Hourly View for XRP
Last Updated January 13, 2021, 03:017 GMT
At the moment, Ripple’s price is up $0 (1.58%) from the hour prior. Ripple has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 entered today at $0.2923, up 1.53% ($0.0044) from yesterday. This move happened on lower volume, as yesterday’s volume was down 51.31% from the day before — and down 23.75% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that the current price of Ripple is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From HammerToe:
My goal is to work with the community to help devs get up to speed and learn about the features + functionality of XRPL, and highlight the amazing work from existing developers. The most common reaction I get from devs is “I didn’t know the XRP Ledger could do that?!” 3/4
- From DiepSanh:
XRP will beat Bitcoin when it comes to velocity of moneyXRP settles every 4 seconds, meaning the same amount of value can passed from one economic participant to another every 4 secondsIn order words, the economy can be built every 4 seconds with XRP
- From HammerToe:
For many devs, cryptocurrencies and payments are still seen as an arcane area – but there is lots of development on solutions that use the XRP Ledger. More and more use cases are being built on top of this tech, the community is already large, and we’re only getting started. 2/4
In terms of news links for Ripple here’s one to try:
announced today that ATMs at Japan’s Lawson Bank will accept SBI Remit’s international money transfer service beginning January 12….The ATMs are located in Lawson convenience stores throughout Japan and offer an international money transfer service that allows customers to send money to more than 220 countries and regions around the world in as little as 10 minutes.” According to the press release, SBI Remit can be used to send money to students abroad, to send living expenses to family members, or to send money to a local agent if users do not have a bank account abroad.