Ripple (XRP) Closes Prior Hour Down -3.71%; Moves Up For the 3rd Straight Day, Makes Big Move Relative to Past Two Months

The Hourly View for XRP

Last Updated April 7, 2021, 04:017 GMT

At the time of this writing, Ripple’s price is down $-0.04 (-3.71%) from the hour prior. Ripple has seen its price go down 8 out of the past 10 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 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 is up 19.79% ($0.1809) since the previous day, marking the 3rd straight day it has gone up. As for how volume fared, yesterday’s volume was up 13.8% from the previous day (Monday), and up 623.9% from Tuesday of the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. 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 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From cryptoWZRD_:

    Let me simplify it.. 1. The SEC came to the conclusion that BTC & ETH were not securities.
    2. Finding out how they came to that conclusion can be applied to other assets.
    3. They wanted to hide that so bad they fought.
    4. Brings question to bias against $XRP
    5. SEC exposed

  • From xrp_mami:

    No way does the @SEC_News want these docs public. They will settle lightning fast. If they show how they classified BTC & ETH and there was fowl play involved or the characteristics match $XRP. It’s fucking over. They won’t waste anymore time and money. Gensler for the dunk 🏀

  • From CredibleCrypto:

    @ShrekBTC Haha not yet but they won the battle. Ripple was demanding to see the communications between the SEC as to why they said BTC and ETH were not securities but XRP was. The SEC was trying to say these docs weren’t relevant and did not want to share. The judge ruled in Ripples favor.

As for a news story related to Ripple getting some buzz:

Ensuring That Our Digital Future Is a Sustainable One | Ripple

A fully digital future is one that would instinctively rely on digital payment assets like cryptocurrency….XRP is fundamentally a much more sustainable asset than the likes of Bitcoin or Ethereum, only consuming a scant 0.0079 KWh of electricity per transaction.  A major reason why XRP is so much more sustainable than other cryptocurrency is that all XRP tokens currently exist, meaning no additional energy is required to make more of this asset….Put simply, a digital future that works for all must also be a sustainable future.