The Hourly View for XRP
Last Updated March 31, 2021, 00:017 GMT
At the time of this writing, Ripple’s price is up $0 (0.27%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 back and forth price flow continues for Ripple, which started today off at 0.5655 US dollars, up 3.55% ($0.0194) from the previous day. The change in price came along side change in volume that was up 80.54% from previous day, but down 62.77% from the Tuesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 5th for the day in terms of price change relative to the previous day. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ripple’s price has gone up 16 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From CryptoBull2020:
#XRP has been in bullish consolidation for the last three months meaning that we have seen higher weekly closes for the last 3 months while remaining below $0.63. At this point it’s like ball pressed under water for a long time. There will be an explosion at some point!
- From jesse_hynes:
I’m going to try to make this as simple as possible, as this is very legally complex. XRP is a digital asset. You can call it what you want, but one thing that it is not is inherently a security. Everyone knows that, thats clear. However, just because something inherently 1/
- From nietzbux:
Ripple is now partnered with WeChat and Alipay with the goal to expand XRP use. That’s what this means. They even installed their recent hire from Goldman onto the board. This is a power move to start dominating the region. Eventually they’ll dominate the whole globe.
For a longer news piece related to XRP that’s been generating discussion, check out:
According to Hogan, Ripple is using the XRP holders’ motion to attack the SEC….And what Ripple is doing, they are piggybacking of the motion to intervene and calling out the SEC on this and saying, ‘You have to choose, are you alleging XRP is kindly inherently a security or is this lawsuit only about sales by Ripple and Garlinghouse….This would be exactly what Ripple wants.