Ripple (XRP) Closes Prior Hour Down -0.81%; Price Base in Formation Over Past 14 Days, Heads Down For the 3rd Straight Day, in an Uptrend Over Past 90 Days

The Hourly View for XRP

Last Updated December 22, 2020, 03:017 GMT

Currently, Ripple’s price is down $0 (-0.81%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 24 of the past 30 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple Daily Price Recap

Ripple closed yesterday down 7.5% ($0.0417); this denotes the 3rd straight day it has gone down. As for how volume fared, yesterday’s volume was up 12.37% from the previous day (Sunday), and up 141.07% from Monday of the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 5th since yesterday in terms of percentage price change. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ripple’s price has gone down 6 of the previous 10 trading 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 CryptoBull2020:

    A friend just visited and asked me β€œWhy not buy Bitcoin” instead of #XRP? I said:1. $XRP will outperform Bitcoin by thousands of percentage points the next months.2. Bitcoin is inferior to XRP when it comes to use case and technology. πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€

  • From ShakoDoggo:

    I get those people thinking XRP will hit $0.30 or $0.10. If you’ve been in a dark tunnel for years and out of knowhere you see light, you probably don’t believe that the light is there.WAKE UP, THE LIGHT IS HERE!!! WE’RE GOING TO SURPASS $1.00 FASTER THAN YOU REALIZE!! πŸš€πŸš€πŸš€πŸš€

  • From CryptoBull2020:

    #Bitcoin has become an asset for the rich, touting how they moved millions of $$$ for just $100. If you want to make money this bullrun and you’re not a millionaire, #XRP will be the best choice. Best utility. Fast. Inexpensive. Most gains.

In terms of news links for Ripple here’s one to try:

Ripple Price Analysis: Can XRP Retest 2020’s High Of $0.78? – Crypto Gazette

Nope – It’s Going To $500k” https://cryptogazette.com/forbes-puts-bitcoin-in-the-spotlight-again-its-going-to-50k-nope-its-going-to-500k #bitcoin #btc #crypto #cryptocurrency #news #bitcoin Cardano Foundation Shares New Brand Guidelines https://cryptogazette.com/cardano-foundation-shares-new-brand-guidelines #cardano #projectrenovare #crypto #cryptocurrency #news #bitcoin Gold, Real Estate And Bonds To Lose Demand To Bitcoin https://cryptogazette.com/gold-real-estate-and-bonds-to-lose-demand-to-bitcoin #bitcoin #btc #crypto #cryptocurrency #news #bitcoin Receive lasted top cryptocurrency news in your mailbox….Sign up for the newsletter and get lasted cryptocurrency news.