XRP price – Ripple (XRP) Closes Prior Hour Down -1.91%; Moves Up For the 4th Consecutive Day, Breaks Above 20 Day Average | Fintech Zoom

The Hourly View for XRP

Last Updated March 10, 2021, 02:048 GMT

At the moment, XRP’s price is down $-0.01 (-1.91%) from the hour prior. XRP has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. 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 closed yesterday up 2.47% ($0.0117); this denotes the 4th consecutive day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 15.91% from the day before — and down 17.2% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since yesterday in terms of percentage price change. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

Notably, Ripple crossed above its 20 day moving average yesterday. 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 down. For additional context, note that price has gone up 18 out of the past 30 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 bgarlinghouse:
  

  Last year, @Ripple and I sued @YouTube for failing to enforce its own policies by allowing fake accounts (impersonating my/Ripple’s verified accounts) to conduct XRP giveaway scams. We’ve now come to a resolution to work together to prevent, detect and take down these scams. 1/3

• From bgarlinghouse:
  

  While the lack of a crypto reg framework has needlessly muddied the waters for U.S. businesses & consumers, there’s no denying what Ripple and MGI have achieved together. Billions of dollars have been sent and settled across borders through ODL w/ XRP. 2/2

• From AssetsDaily:
  

  From day one I’ve never doubted the success of XRP… Nothing’s changed… And if it went to zero I’d own it all.. No matter what we discuss nor any amount of FUD could change that.. We’ll see the other side of Mars and laugh over drinks.. Even if it’s coffee.. Zero doubt…. ☕️

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

Report: Ripple/ XRP being discussed as a platform for the digital euro

In the section titled “XRP – The digital token of Ripple,” CPA Australia refers to “Ripple” as an alternative platform to Ethereum….About usContact usLegalsData protection policy *= Affiliate-Link Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act.