Ripple (XRP) Closes Prior Hour Up 0.98%; Moves Down For the 2nd Straight Day, Crosses 20 Day Moving Average, But Still in an Uptrend Over Past 30 Days

The Hourly View for XRP

Last Updated April 23, 2021, 11:17 GMT

At the time of this writing, Ripple’s price is up $0.01 (0.98%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple Daily Price Recap

Ripple came into today down 10.38% ($0.134) from the open of the previous day, marking the 2nd straight day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 36.97% from the day prior, and up 19.36% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 20 day moving average yesterday. 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 another vantage point, consider that Ripple’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

• From DefendDark:
  

  Dears, I have checked charts today. #XRP can follow 2 paths:

  1. Can jump towards $1.40s with a hard retrace back to $1 area followed by a huge move towards ATH+.or2. Can acumulate in this area slowly and again ATH+.All roads to ATH. We have less time. Targets are clear.

• From Anbessa100:
  

  I’ve took the 🗝️and I said $XRP RAISE UP A lot of Gurus tried to make it continue it doesn’t work though. They Fugasi I am the the one and only master of $XRP, the most #accurate and superior hereOnly if you accept this I will make it move and I say REENTER

• From SirRobArtII1:
  

  I’m throwing an exclusive #XRP party when it hits $10 this year in Miami for my millionaire friends. Please don’t take any bodyguards with you and make sure to have your Nano Ledger S on your person. Leave your phones at home, too. I’ll lend you mine if you need to call.

For a longer news piece related to XRP that’s been generating discussion, check out:

Gary Gensler takes over at the SEC, but there’s little reprieve for Ripple

Jay Clayton was the former SEC chairman and was heading the agency when the case against Ripple was filed….Ripple only yesterday requested an additional two days to respond to the SEC order….With the SEC’s consent, Ripple is now expected to respond on Wednesday, April 28, 2021….#Ripple Ripple requested an additional two days to respond to the today’s #SEC_News discovery filing.