The Hourly View for XRP
Last Updated January 15, 2021, 03:017 GMT
At the time of this writing, Ripple’s price is down $0 (-0.77%) 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. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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
The back and forth price flow continues for Ripple, which started today off at 0.2962 US dollars, down 3.08% ($0.0094) from yesterday. This move happened on lower volume, as yesterday’s volume was down 0.63% from the day before — and down 82.11% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 200 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. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 8 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From GiveAwayHost:
$YFI 30k supply, no innovation, ATH price 45,000$$VRX 50k supply, AI technology to predict the markets, top innovation+use case, Listing price < 30$Market is launching today 10 AM UTC on uniswap$YFI needs to be terrified$BTC $LINK $ADA $ETH $NANO $XRP $ZIL $DOT
- From TheCryptHawk:
Guys if you know me, you already know that I never drop anything like this without being 500% sure! Remember, I do not shill any news unless it’s mine! MoneyGram was the only one I dropped because I knew it the moment it was signed! Just chill and wait! #XRP #Ripple
- From KyleMacLeanX:
Yes, there are $XRP temporary trading halts & an SEC lawsuit (won, chucked, settled?) Big investors don’t seem worried & neither am I. Recovered to $0.30, still #4 😅#XRP is already NOT a security in:🇬🇧 UK
🇰🇷 South Korea
In terms of news links for Ripple here’s one to try:
Published on By Ripple, a leading crypto fintech company, is going forward to bring the XRP Ledger to central banks….READ: This is how Cryptocurrency works Ripple also acknowledged that leading US banks could issue stablecoins on the XRP Ledger: READ: Ripple’s XRP on a grand slam win, gains 20% Recall that a powerful financial regulator, through the Comptroller of the Currency (OCC), clarified details on American national banks’ and federal savings associations’ authority in taking part in using stablecoins to conduct payment activities and other bank-permissible functions….What you should know: Such gains pushed Bitcoin’s market value to $697 billion, or 68.98% of the total crypto market value….Data retrieved from Glassnode, a crypto analytic trading firm, revealed Bitcoin’s number of non-zero addresses just reached an all-time high of 33,539,871 READ: Ripple plans to bring XRP ledger to central banks The previous ATH of 33,538,483 was observed on 12 January 2021.