Ripple (XRP) Closes Prior Hour Up 0.77%; 3 Day Down Streak Broken, in an Uptrend Over Past 30 Days

The Hourly View for XRP

Last Updated February 19, 2021, 00:017 GMT

At the time of this writing, Ripple’s price is up $0 (0.77%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning below it. 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 2.71% ($0.0141) since the previous day, marking a reversal from the day prior — and the end of a 3 day negative run. This move happened on lower volume, as yesterday’s volume was down 23.49% from the day before — and down 55.46% from the same day the week before. 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. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 20 out of the past 30 days.

Overheard on Twitter

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

  • From xrp_mami:

    Im just going to get it out in the open. I love you $XRP. but also fuck you. fuck you long time sir. I sometimes buy $XRP out of anger that it doesn’t move LOL its a toxic relationship but I lover the thrill. Upside makes it worth the wait. 2021 you better melt faces little shit.

  • From digitalassetbuy:

    This is how early we are. I’m at my eight year old son’s baseball practice last night. A dad that I don’t know walks over and says “It’s been a good week for you right?”. I asked what he meant. “You’re the Bitcoin guy right?” I laughed and said yeah (No time to explain XRP)

  • From SugarKoat:

    Once Tether crashes, everything will crash, except $XRP. We already went through ours. We decoupled. We will be your hedge. We will be your store of value. We will serve the worlds unbanked & under banked by moving money the way information flows today. So be nice to us…

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

Ripple is building the core ledger that mints CBDCs, says top exec – USA News Lab

However, central banks should work on interoperability for CBDCs to thrive….The second part Ripple is engaged on is interoperability, permitting customers to maneuver property between blockchains.