The Hourly View for XRP
Last Updated April 8, 2021, 04:017 GMT
At the moment, Ripple’s price is up $0 (0.42%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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
The end of a 3 day positive run has come for Ripple, which finished yesterday down 16.32% ($0.1787). The change in price came along side change in volume that was down 34.97% from previous day, but up 249.95% from the Wednesday of last week. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 16 out of the past 30 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From HigherManas:
#XRP cooling off and consolidating before next level up. Well, that’s what most normal coins do in a bull market. The next 24 hours will tell us if XRP has broken out of its SEC funk. I believe it has and we’re going to see more upward movement momentarily. 🚀🚀
- From xrp_mami:
I love how sure people are that $XRP can’t reach 4-5 digits. Imagine the folks who believed BTC would never hit $1 when it was trading sub penny. When you’re counting on speculation the supply may matter. With utility. That’s a whole different beast. Know what you HODL.
- From Kevin_Cage_:
I’ll never comprehend why people are so afraid of the possibility of a “flash crash” for $XRPIf that ever happens again, I’ll just buy all of it.Why would you sell at a low? It’ll bounce back past ATH eventually.The game is simple. It just takes patience.
In terms of news links for Ripple here’s one to try:
The “Answer” is a legal document (filed publicly) which, as the name suggests, is our official answer to the allegations in the SEC’s complaint….With its complaint, the SEC is asking the Court to contradict the findings of the agency’s peers in the US and worldwide. Although XRP is the most efficient digital asset for global payments benefiting consumers around the world (and is the most environmentally sustainable crypto), there is no principled distinction between XRP’s current function and that of BTC or ETH….How does the SEC explain telling the public that BTC and ETH are not securities, then turning around and alleging the opposite is true for XRP?