Ripple (XRP) Closes Prior Hour Up 0.95%; Moves Down For the 3rd Consecutive Day, But Still in an Uptrend Over Past 14 Days

The Hourly View for XRP

Last Updated February 18, 2021, 00:017 GMT

At the time of this writing, Ripple’s price is up $0.01 (0.95%) from the hour prior. This is the 2nd hour in a row Ripple has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend 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

Ripple closed the previous day down 5.49% ($0.0302); this denotes the 3rd consecutive day a decline has happened. The price move occurred on volume that was down 11.82% from the day prior, but up 11.03% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Ripple.

XRP

Ripple Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 days.

Overheard on Twitter

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

  • From 22loops:

    $ZEC used to trade at 6 BTC at launch. Maxcoin was ‘the future’. $XRP was $3 last cycle. 2 years from now Uniswap will be what the DAO is today. Think ahead. If you never sell any shitcoins what’s the point? Make $ or stack sats. All you have to do is stop being a fucking nerd.

  • From burningstarz:

    When #XRP move up 3 cents, the whole community is like “next step is 80 cents then $1 straight up to $15”. When it moves 3 cents down “we are going back to sub .20 cents”.People never learn. Just calm the fuck down for real!

  • From xrp_mami:

    #XRP definitely looking defeated. The lower we go the more I buy 🤷🏻‍♀️ It’s like winning the lottery in slow mo. I will say though. My main focus has now shifted to growing my other bags. When #XRP gets it’s big dip. I’ll be grabbing a fuck ton.

For a longer news piece related to XRP that’s been generating discussion, check out:

Joint letter with SEC is a clear victory for Ripple, says Jeremy Hogan

While the SEC has “some facts” it could have cited, “none of them are in here.” Further, the SEC wastes a few paragraphs on whether XRP is a currency, which Hogan said is irrelevant to the outcome of the lawsuit: Next the SEC addresses the defendants defense in this case […] where they say, quote: Defendants principle response to these allegations is to affix a self-serving label to XRP -currency.’ Now it’s good to address your opponents defense in a lawsuit, but this is a very weak defense, if it is a defense at all….The fact that Ripple calls XRP a currency is not the heart of its defense….On the other hand, according to Hogan, Ripple “did a really great job.” Right off the bat, Ripple’s lawyers write that the SEC’s claim that Ripple’s sales of XRP constituted “investment contracts” lacks “any legal or factual basis.” I think this is a great point that after Ripple sold XRP, it was then sold downstream – so how can it then be an investment contract?…Again and again in the letter, Ripple invokes the missing facts in the SEC’s opinion, particularly with regard to the heart of the case, the howey test: Ripple also addresses the howey test and it really makes a great point here: ‘Under Howey, the SEC must show, among other things, that Ripple and purchasers of XRP entered into a “common enterprise” dependent on Ripple’s “managerial efforts.” The SEC cannot do so.’ So again, Ripple is calling out the SEC on a lack of facts.