Ripple (XRP) Closes Last Hour Up $0.00; Heads Up For the 2nd Consecutive Day, in a Downtrend Over Past 30 Days

The Hourly View for XRP

Last Updated June 10, 2021, 07:017 GMT

At the moment, Ripple’s price is up $0 (0.4%) from the hour prior. Ripple has seen its price go down 9 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists 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 came into today up 5.34% ($0.0467) from the open of the previous day, marking the 2nd consecutive day an upward move has occurred. The change in price came along side change in volume that was down 11.77% from previous day, but up 59.21% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 5th since the previous day in terms of percentage price change. The daily price chart of Ripple below illustrates.

XRP

Ripple Technical Analysis

Coming into today Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From mrnguyen007:

    People asked me how do I get rich? I told them buy XRP & HODL for a few years & they will be rich! I used to buy 50 BTC back in the day when my friend & family laughs at me! And now I get the last laugh! 😆Everybody now investing XRP! 💎

  • From JohnEDeaton1:

    It won’t be hard for any expert technician hired by @Ripple to testify that the price of #XRP is not correlated to the announcements or activities of the company Ripple, but instead, is correlated to the price action of #Bitcoin Like it or not, #BTC drives the market.

  • From FlareFinance:

    The following assets will be able to be utilized on #FlareFinance:$YFLR, $YFIN, $YUSD, $FLR, $XRP, $LTC, $XLM, $DOGE, $ALGO, $ADA, $SHIB, $SANSHU, $TEL, $CEL, $BNB, and $CAKE!More assets will be able to be voted in. Stand at the ready Samurai, BETA is coming…