Ripple (XRP) Closes Prior Hour Down -0.51%; Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 14 Days

The Hourly View for XRP

Last Updated April 1, 2021, 00:017 GMT

Currently, Ripple’s price is down $0 (-0.51%) from the hour prior. Ripple has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.5627 US dollars, down 0.5% ($0.0028) since the previous day. This move happened on lower volume, as yesterday’s volume was down 1.46% from the day before — and down 30.89% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

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

  • From JohnEDeaton1:

    @MeMoOoO26NG @XRPFAM4LIFE @MoonLamboio @saintguccixrp @JumpmanFiend @AssetsDaily @digitalassetbuy @BakkupBradley @Kevin_Cage_ @XRP_OWL @sentosumosaba @BCBacker @martincpvalk @RuleXRP @xrpcommunity @stedas @jungleincxrp PLEASE DONT DONATE. I believe it was started with pure intentions & I’m grateful. But I wouldn’t accept 💰 because then it could be argued that I’m doing this for 💴 reasons instead of the true purpose. Plus, there are ethical rules. I’m not perfect but I’m not Clayton or Hinman.

  • From xrp_mami:

    The future of $XRP is undeniable. I no longer read the news because the news will mislead your emotions. The proof is in the network. Everyone thought XRP was done after the SEC case first came out. Since then @Ripple has signed on dozens of new partners LOL zero doubt.

  • From JohnEDeaton1:

    #XRPCommunity:I need to find a business or developer or entity that uses #XRP operationally (other than accepting payments). A situation where the token is used not as an investment per se, but is utilized as a tool or as an interface, etc.Any ideas for me to contact.

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

127 Million XRP Moved by Ripple and Binance Crypto Giants

According to the popular Whale Alert crypto tracker, in the past 24 hours, blockchain behemoths Ripple and Binance have wired 127.3 million XRP tokens….Earlier, U.Today reported on large sums of XRP sent from Ripple to Binance in order to support the coin’s liquidity.