The Hourly View for XRP
Last Updated February 24, 2021, 00:017 GMT
At the time of this writing, Ripple’s price is down $-0.01 (-1.91%) 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. Regarding the trend, note that the strongest trend exists on the 50 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
Ripple came into today up 3.85% ($0.021) from the open of the day prior, marking the 2nd straight day it has gone up. As for how volume fared, yesterday’s volume was up 373.07% from the previous day (Monday), and up 109.17% from Tuesday of the week before. On a relative basis, the day prior was pretty good: Ripple bested all 7 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ripple.
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 30 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ripple’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From xrp_mami:
The minute you forget about what your coins value is in fiat. You win. This is a game of accumulation. Worry more on how many units you have vs the fiat value. If you’ve chosen the right coins. Long term you’re going to be smashing the game. $XRP $QNT $HBAR are my only 3 HODLs
- From xrp_mami:
People out here really think that banks have a choice to adopt $XRP LOL Crypto and DeFi are going to eat their lunch. Only way to survive is to work with Fintech. Adopt or die. Period. Only cryptos really working within the system $XRP & $QNT. Anyone with a brain 🧠 can see this.
- From xrp_mami:
Tether only getting fined 15M is insane. But it won’t change the narrative. BTC is not the future of FinTech. Everyone who matters knows this. The end game hasn’t changed. Everything will be wrapped on the XRPL. XRP will be the heart of the NFS. ALL the money. Good Morning ☀️
For a longer news piece related to XRP that’s been generating discussion, check out:
The XRP community’s favorite lawyer, Jeremy Hogan, covered yesterday’s pre-trial conference between Ripple and the U.S. Securities and Exchange Commission (SEC) in a new video….Ripple revealed that in 2019, the SEC was approached by “a major crypto exchange or maybe multiple exchanges” and asked, “Hey SEC, can we sell XRP or is it a security?…And the SEC didn’t tell them “no,” Hogan reported….There will be likely discovery disputes about this very issue as the SEC tries to hide and Ripple finds the details […] and what led the SEC to continue allowing exchanges to sell XRP.