Ripple (XRP) Closes Prior Hour Up 0.8%; 2 Day Up Streak Broken, Crosses 200 Day Moving Average

The Hourly View for XRP

Last Updated January 15, 2021, 23:17 GMT

Currently, Ripple’s price is up $0 (0.8%) from the hour prior. Ripple has seen its price go down 24 out of the past 30 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 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

The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.2962 US dollars, down 3.08% ($0.0094) since yesterday. This move happened on lower volume, as yesterday’s volume was down 0.63% from the day before — and down 82.11% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

Notably, Ripple crossed below its 200 day moving average yesterday. 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. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone up 5 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:

    When Ripple meets the SEC it will be a showdown between ex and current SEC Chairmen and Chairwomen (Ripple’s attorneys vs SEC). There is no doubt in my mind that #XRP will come out on top and when the news comes, whether it’s a win or a settlement, the price of $XRP will explode!

  • From X__Anderson:

    I think the issue with Ripple holding so much XRP is that regulators fear that Ripple could become the Saudi Aramco of digital assets. If $XRP would go to $100, Ripple would sit on $5.5 Trillion worth of XRP that they could use as their war chest…Think about it.

  • From SirRobArtII1:

    One day, I’ll be gone. You’ll wonder, where’s Berto, feel sad. Then you’ll see #XRP at $10 and smile, wiping away a tear, because you’ll know Berto is on yacht, with his big booty👩🏻‍🦰. You’ll sit up on the beach, nod at the sunset and Berto will raise a🥂to you because you made it.

As for a news story related to Ripple getting some buzz:

Ripple plans to bring XRP ledger to central banks | Nairametrics

A crypto expert has released key details on why Ether coins on crypto exchanges could be all gone within 48 hours….Alex Saunders, a crypto expert, via Twitter, released key details on why Ether coins on Crypto exchanges could be all gone within 48 hours amid high buying pressure….READ: Crypto: Financial market that never sleeps, or is under any central authority READ: Why Ethereum could make you rich Exchanges could be out of $ETH within 48 hours….Published on By The world’s most powerful monetary policy chief, Jerome Powell, recently spoke on why the U.S central bank had no reason to rush into central bank digital currencies….READ: Central banks digital currencies pose a threat against the U.S dollar “Since we are the world’s reserve currency, we actually think we need to get this right, and we don’t feel an urge or need to be first,” he said.