Ripple (XRP) Closes Prior Hour Up 0.75%; Moves Up For the 4th Straight Day, in an Uptrend Over Past 30 Days

The Hourly View for XRP

Last Updated February 12, 2021, 23:17 GMT

At the time of this writing, Ripple’s price is up $0 (0.75%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend 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 4.55% ($0.023); this denotes the 4th straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 53.95% from the day before — and down 48.11% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 5th since the day prior in terms of percentage price change. Let’s take a look at the 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 additional context, note that price has gone up 11 out of the past 14 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:

  • From xrp_mami:

    $2K per #XRP coin coming to a wallet near you. That video @RuleXRP just posted has me doing backflips on my bed right now. Holy shit. Major. If the banks agree upon a price and stabilize it to say “GOLD”. Imagine pegged to an ounce or maybe long term a kilo. Generational wealth.

  • From xrp_mami:

    Not currently buying at these prices. HODL and let’s see where she takes us. I still firmly believe we may hit .80s but then something comes up (Tether case) that smacks BTC down to the $28K level again. Then XRP will fall violently down to sub .20s. I’m probably crazy but 🤷🏻‍♀️

  • From xrpartisan:

    XRP @ $0.59. Why does all the good stuff happen while I’m sleeping?60c level is important. Could be a lot of sellers who bought in the Feb 1 pump and are looking to get out there. If XRP can get up past $0.80 without that a major sell off, it’s clear to the next fib @ $2.30.

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

Patent Reveals Ripple’s ODL Can Be Used by Banks, Governments, and Corporations | BTCMANAGER

Specifically, part of the patent’s abstract describes the system as providing a guaranteed exchange rate….However, according to the ODL patent now assigned to Ripple Labs Inc., the system can transmit anything of value beyond currencies.