The Hourly View for XRP
Last Updated May 3, 2021, 02:017 GMT
At the time of this writing, Ripple’s price is down $-0.01 (-0.56%) 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 trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Ripple Daily Price Recap
Ripple came into today up 3.31% ($0.053) from the open of the day prior, marking the 3rd day in a row it has gone up. The change in price came along side change in volume that was down 47.15% from previous day, but up 5.29% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From PeterLBrandt:
I need to express my greatest respect and awe for the Ys and Zs who are embracing investing, trading and cryptos in a remarkable way. I welcome you to the world of trading and am learning a lot from you. I hope $BTC $XRP et al go to the Moon and beyond.
- From Mrbankstips:
100 BNB, 10 ETH, 1 BTC, 100 CAKE, 50 SOL, 2k TLM, 2k TWT, 500 SXP, 3k XRP, 15k DOGE, 2k MATIC, 500 WRX, 100 1INCH, 50 DOT, 10 XVS, 20 UNI, 30 SUSHI, 15 LINK, 50 ENJ, 10 AAVE, 1500 TRX, 0.5 MRK, 20 FTT, 15k REEF, 100 ALICE, 20 LTC, 2 BCH, 50 NANO, 200 TKO, 30 THETA, 200 BAKE…
- From BCBacker:
I’m over here stuffing my face with pizza and watching my 9th episode of Workaholics today, and XRP is all like “Hey, that bed must be nice 😆 come look at me”.$1.65, testing 0.702 Fib 🧐
In terms of news links for Ripple here’s one to try:
Every month, one of these 1 billion escrows would expire, returning the 1 billion XRP to Ripple….Ripple could then use that XRP or return a certain amount to a new escrow….When Ripple first escrowed the 55 billion XRP, it used 11 different wallets, each holding 5 billion XRP in escrows.