The Hourly View for XRP
Last Updated June 2, 2021, 04:017 GMT
At the moment, Ripple’s price is up $0 (0.3%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists 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
The back and forth price flow continues for Ripple, which started today off at 1.01 US dollars, down 3.07% ($0.032) from yesterday. This move happened on lower volume, as yesterday’s volume was down 18.22% from the day before — and down 41.92% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th for the day in terms of price change relative to yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 18 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From HigherManas:
Markets are looking good. Solid finish for $XRP and many others on the monthly close. Entering June with some big events in front of us – G7 meetings, Flare Network launch, potential Ripple lawsuit settlement, more pressure for regulations, & much more. #Crypto momentum 🚀
- From mrnguyen007:
Read my lips 💋XRP will be the 1st Crypto Assest to get clarity & cleared regulation from the US Government after the lawsuit ended. 💎 🇺🇸Expect the price to go parabolic up north to $20.00 on the day the lawsuit ended! 😉
- From RippleXrpie:
Dogecoin showed us that everything is possible in the crypto space. The relisting is next step after the SEC case. #XRP will pump in minutes to $10. It sounds crazy but XRP can pump to $100+ this year!
For a longer news piece related to XRP that’s been generating discussion, check out:
The growth comes just days after Ripple managed to prevent the SEC from accessing documents related to the legal advice the company received about XRP….Ripple has successfully blocked the SEC from accessing certain regulatory filings — detailed legal documentation the company sought or received about XRP’s security status.