Ripple (XRP) Price Near $0.23; Moves Up For the 2nd Day In A Row, in a Downtrend Over Past 30 Days

The Hourly View for XRP

Last Updated January 5, 2021, 03:017 GMT

At the moment, Ripple’s price is up $0 (0.43%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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

Ripple is up 4.7% ($0.0106) since yesterday, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was up 41.97% from previous day, but down 17.91% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Ripple.

XRP

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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 19 out of the past 30 days.

Overheard on Twitter

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

  • From JohnEDeaton1:

    I want to personally thank each and every person that has shown me the tremendous amount of support that all of you have. @MoonLamboio has said many times in his videos that the XRP community is the most amazing cohesive and supportive community in crypto. He’s right! Thank you.

  • From DiepSanh:

    SEC suing Ripple does not change the fact that #XRP is the best digital asset for moving valueWhat has changed is the psychology of investors has gone fucking panic, resulting in a record dumping at low priceIf you bought more XRP, you are fucking legend

  • From xrp_mami:

    Winning is all about mentality. To me, I stopped thinking of my XRP in relations to dollars a long time ago. This is a game of accumulation. I don’t plan to sell for dying fiat. I’ll HODL forever honestly. Then just put my XRP to work and gain interest 💯

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

XRP investors take legal action against SEC after lawsuit vs. Ripple

The lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs has hit XRP investors especially hard….However, not all XRP investors want to put up with this, who see the SEC’s decision to file a lawsuit against Ripple as an illegal action….About usContact usLegalsData protection policy *= Affiliate-Link Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act.