Ripple (XRP) Price Near $0.29; Makes Big Move Relative to Two Week Trend, Heads Up For the 2nd Straight Day, Crosses 20 Day Moving Average

The Hourly View for XRP

Last Updated January 30, 2021, 02:046 GMT

Currently, XRP’s price is down $0 (-0.38%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 9 of the past 10 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ripple Daily Price Recap

Ripple came into today up 6.95% ($0.0184) from the open of the day prior, marking the 2nd straight day an increase has occurred. As for how volume fared, yesterday’s volume was up 209.5% from the previous day (Thursday), and up 78.74% from Friday of the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the day prior. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Ripple crossed above its 20 day moving average yesterday. 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. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From s_alderoty:

    No other country has classified XRP as a security. The SEC is at odds with its counterparts in the US & peers in other G20 markets. Ripple never held an ICO, nor did we ever sell or offer XRP as an investment. For 8 yrs, XRP has traded in an open market independent of Ripple. 2/5

  • From ObviousRise:

    $XRP was worth only $0.0064 on Jan 1, 2017, then $2.3 on Jan 1, 2018. A 36,000% increase, stealing the show from Bitcoin and all other Crypto. History will repeat itself but this time I expect +100,000%. Get your bags ready!
    We can become richer than Wall Street, they will cry!

  • From xrp_mami:

    Crazy “coincidence” that XRP is not available most places. Then we have a “black swan” event a week after delistings that causes meme stocks and crypto to pump. XRP can’t partake in the fun cuz it’s not as accessible by the normies. You know what they say. Eyes on the prize 😉

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

Ripple completes investment in Money Tap to become largest shareholder

The company announced today that Ripple Labs has completed the investment as a shareholder in SBI’s subsidiary Money Tap Co, Ltd….As part of the announcement, SBI Holdings said of Ripple Labs’ investment in Money Tap: We will promote the realization of low cost.Accelerate the development of new functions and services by welcoming Ripple, a developer of core technologies and a partner of SBI Holdings, as a new shareholder in addition to the existing shareholders of 38 companies including many regional financial institutions.