Ripple (XRP) Closes Prior Hour Down 0%; But Still in a Downtrend Over Past 14 Days, 3 Day Down Streak Ended

The Hourly View for XRP

Last Updated July 19, 2021, 06:017 GMT

Currently, Ripple’s price is down $0 (0%) 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. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Price action traders may also wish to note that we see a pin bar candlestick pattern on Ripple. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple Daily Price Recap

Ripple’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 0.96% ($0.0056). The change in price came along side change in volume that was down 25.47% from previous day, but up 39.85% from the Sunday of last week. Ripple outperformed all 7 assets in the Top Cryptos asset class since yesterday. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From JohnEDeaton1:

    @RuleXRP @attorneyjeremy1 @FilanLaw This will show up in the Summary Judgment filed by @bgarlinghouse and @chrislarsensf. It’s going to be difficult for the SEC to prove Brad and Chris were Reckless in not knowing #XRP was a security in 2013 when 2 Commissioners are admitting that in 2021 there’s still no clarity.

  • From CryptoBull2020:

    In my opinion the SEC has now “lost control” in the case against #Ripple. I really can’t see how they will allow the deposition by one of their former officials. Too much ego and too much to lose. It wouldn’t surprise me if we get settlement news this month! #XRP

  • From attorneyjeremy1:

    @AnthonyDatu1 I think there is an ARGUMENT that XRP sold by Ripple in 2015-2017 was sold as a security under U.S. law. This will be an argument made by expert witnesses as to decentralization, utility, etc.. But, I just don’t see even an argument to be made from 2018 – present.

As for a news story related to Ripple getting some buzz:

A Ripple Reckoning at the SEC – Decrypt

Ripple, meanwhile, wants to know why Hinman cleared Ethereum while his former agency has decided to sue Ripple for selling XRP….The judge’s decision to let Ripple depose Hinman is unlikely to be the deciding factor of the case.