Ripple (XRP) Closes Prior Hour Up 0.32%; Heads Up For the 2nd Consecutive Day, Doji and Pin Bar Patterns Appearing on Chart

The Hourly View for XRP

Last Updated April 2, 2021, 23:17 GMT

At the time of this writing, Ripple’s price is up $0 (0.32%) 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 trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 0.09% ($0.0005); this denotes the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 11.86% from the day before — and down 13.26% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since the day prior in terms of percentage price change. Here 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 additional context, note that price has gone up 17 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From xrpartisan:

    I’m not concerned with XRP’s daily price. Once past $0.80 and close to $1 I’ll start getting a little excited b/c it has a clear path to $2.30 and the ATH. It’s coming soon b/c of alt season, but I’m not stressing over it. I sold into XRP w/other gains to max profit. Now I wait.

  • From JohnEDeaton1:

    In the @SEC 🆚 @Ripple case, the SEC does not seek a preliminary injunction to stop current sales of #XRP by Ripple. Why? Because it can’t make a “substantial” showing of a likelihood of success as to a “current” violation.The mere filing of the Complaint was the weapon!

  • From XRP_OWL:

    Looking at the XRP price daily is pointless, you’ll never get that wasted time back.Social media won’t give clues about price action either because people post 👀 every time we go up 2%Just understand what you hold, set alerts, and check in maybe once a week. 😉🙏

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

Is Ripple an option for CBDCs while SEC lawsuit lingers? – FinanceFeeds

It is unclear if Ripple is addressing central banks with its white paper as a way to put pressure on the ongoing legal battle with the SEC….Either way, central banks may also hesitate to work with Ripple at this particular time.