Ripple (XRP) Closes Last Hour Up $0.00; Breaks Below 100 Day Average, Moves Down For the 2nd Straight Day

The Hourly View for XRP

Last Updated October 2, 2020, 01:038 GMT

Currently, XRP’s price is up $0 (0.42%) from the hour prior. XRP has seen its price go down 24 out of the past 30 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 is down 1.53% ($0.0037) since yesterday, marking the 2nd straight day a decline has happened. The change in price came along side change in volume that was up 21.2% from previous day, but down 19.64% from the Thursday of last week. 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

Notably, Ripple crossed below its 100 day moving average yesterday. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From FlareNetworks:

    @JoelKatz @Brother_Angelus We took the decision to exclude Jed as the consistent sales of XRP having a negative effect on the psychology of the market make it clear he is not an XRP supporter. Spark attributable to his XRP holdings are being distributed equally to all other valid claimants.

  • From FlareNetworks:

    @JoelKatz @Brother_Angelus We do not know Jed (beyond 1 call) and have absolutely no animosity toward him or Stellar. Flare is intended to bring utility to the XRP Ledger – we reserve the right to structure the initiation of the network in the way we think necessary to achieve that objective.

  • From X__Anderson:

    In the past, people used to ride horses. Then cars came and after a while horses were replaced by cars because they were faster and cheaper and they didn’t shit everywhere. It just took a long time for cars to take over because you needed to build better roads first.#XRP

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

Ripple Partners with XRP Ledger Foundation to Save Our Planet’s Environment

Together with Energy Web Foundation, Ripple has created a new open-source tool called EW Zero….It will allow any blockchain to decarbonize by acquiring renewable energy in local markets around the world.