Ripple (XRP) Price Near $0.25; Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated January 28, 2021, 00:017 GMT

Currently, Ripple’s price is down $0 (-0.72%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 5 of the past 5 hours. 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 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

The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.2682 US dollars, up 0.19% ($0.0005) since the previous day. This move happened on lower volume, as yesterday’s volume was down 20.31% from the day before — and down 76.1% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Here 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 15 them.

Overheard on Twitter

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

  • From xrp_mami:

    I’ll say it again. You’re an idiot if you think $1,000 XRP isn’t possible. Fuck boys talkin bout “I can see $4 max”. Supply and Demand buddy. Money Velocity buddy. Utility and Usecase buddy. Network and Partnerships buddy. Nostro Vostro and Derivatives buddy. Fool ass ppl smh.

  • From Kevin_Cage_:

    I believed in $XRP’s success at 11 cents unlike most that only believe when price is up 20%+ on the day.I believed in it when it was $3+ and even 60 cents recently.Current Price does not distract me. It’s just a waiting game.Same goes for all of my Holds$ALGO $XLM $QNT

  • From WKahneman:

    I get it; why LTC? Because it’s a liquid, top-10 crypto that traps a lot of value, all of which can be captured in the @FlareNetworks system. That FLR XRP holders received in the airdrop just got more valuable. If all goes well, I imagine there will be a number of coins to come.

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

Netherlands’ Central Bank Recognizes Ripple (XRP) As Excellent Real-Time Payment Infrastructure – The Independent Republic

Ripple has been collaborating with different banks to achieve efficient cross-border remittance….According to Ripple’s CEO, Brad Garlinghouse, the blockchain firm is going to “promote the introduction (of Ripple to banks) and set the goal of over half of the world’s banks to adopt the company’s remittance service over the next five years.” Before the statement was made, Ripple has collaborated with many firms, liaised with remittance platforms on the use of Ripple tools….“SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution.” The CEO of Ripple has revealed there is no going back on coasting China.