Ripple (XRP) Price Near $0.62; Heads Up For the 3rd Day In A Row

The Hourly View for XRP

Last Updated April 3, 2021, 02:046 GMT

At the moment, XRP’s price is down $-0.01 (-1.19%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 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 came into today up 6.36% ($0.0363) from the open of the previous day, marking the 3rd day in a row an increase has occurred. The price move occurred on volume that was up 7.76% from the day prior, but down 6.5% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone up 9 of the previous 14 trading 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 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.