Ripple (XRP) Down 1.72%

Ripple Price Recap

Ripple is down 1.72% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. The price move occurred on volume that was up 24.14% from the day prior, but down 64.41% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of day-over-day price change. Below is a price chart of Ripple.

Ripple Technical Analysis

Coming into today the current price of Ripple is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Ripple has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 10 days Ripple’s price has gone down 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From _blockandchain_:

    Bitcoin is gold.Litecoin is silver.XRP is shit.

  • From digitalassetbuy:

    “At what XRP price point will Ripple be worth a trillion dollars? XRP Price=$17 USD. Just so you’re mentally and emotionally prepared for it… the price won’t stop at $17. It will keep going past this artificial construct that makes people uncomfortable.” -HODOR Blog

  • From UVtho:

    100% $VET right now. Why?- max 17 days until 900K wallets
    – Walmart scaling almost live?
    – mainnet ready to pump = real value
    – very promising Q1-Q2
    – expecting new partner announcement soon, 250 NDA’s
    – speculation at its finestWho’s bullish with me?! 💪$VET $XRP $BTC $BNB

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

5 Reasons Q1 & Q2 Should be HUGE for XRP & Ripple

But with so much debt on the books, even modest rate increases will cause debt levels and deficits to explode as new borrowing is sought just to cover interest payments….While this is not XRP, during all previous price rallies, as interest soars for Bitcoin, so too does interest and investment in the ‘more affordable’ assets like XRP….Regulations would determine XRP is a security or a utility token as it is classed in the UK if it is a security then very different rules apply to investors….UK FCA – XRP is a Utility Token Amateur analysts say Ripple’s class-action lawsuit described below could force the SEC to rule XRP as a utility token as they intelligently decided in Britain….The general feeling in the XRP community and amoungst many trusted analysts is that this case will simply be dismissed due to the fact Ripple did not sell the XRP directly.