Ripple (XRP) Price Near $0.51; Moves Up For the 2nd Consecutive Day, in an Uptrend Over Past 30 Days

The Hourly View for XRP

Last Updated February 11, 2021, 02:017 GMT

Currently, Ripple’s price is up $0 (0.59%) 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 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 closed the day prior up 5.51% ($0.0249); this denotes the 2nd consecutive day it has gone up. The change in price came along side change in volume that was up 10.62% from previous day, but down 42.98% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Below 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 another vantage point, consider that Ripple’s price has gone up 18 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From SugarKoat:

    #Bitcoin needs liquidity so early investors can exit their big positions. (It’s only a store of value until the store is empty)$XRP needs liquidity so it can solve a Multi-Trillion $ payments problem. (Internet of Value)Ya’ll see the difference right?

  • From sentosumosaba:

    Best question in today’s video: Q: “If fiat dies how will XRP work? I’m holding a lot of XRP but have been considering selling.”A: Should #XRP be allowed to create value through regulatory clarity, it will bridge the CBDC’s… which look destined to prevail.
    @SEC_Enforcement

  • From Venture2021:

    When the cock crows eight times, and the moon is in the Aquarius. When the number 113 is reached, and when the Air balloon hovers over the river, and on a date that is fixed and immovable (in the future)
    as I have said many times, then and only then will #XRP MOON! 🌝 #0Doubt

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

230 Million XRP Shifted by Whales, While Ripple-Friendly Azimo Launches New Remittance Service

In the meantime, one of Thailand’s largest banks, running on RippleNet, has set up a $50 million fund to invest in blockchain startups, DeFi platforms and crypto assets….Data from analytics website Bithomp, which tracks XRP transactions, says that both transactions were conducted by Coinbase: the largest crypto asset exchange in the U.S. This platform has been sued by the U.S. regulator SEC, which accused Coinbase of charging commission fees on XRP sales.