Ripple (XRP) Closes Prior Hour Down -0.32%; in a Downtrend Over Past 14 Days, Heads Down For the 3rd Straight Day

The Hourly View for XRP

Last Updated June 13, 2021, 02:045 GMT

At the moment, XRP’s price is down $0 (-0.32%) 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 is down 1.85% ($0.0157) since the day prior, marking the 3rd straight day a decline has happened. The price move occurred on volume that was up 14.05% from the day prior, but down 13.81% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a daily price chart of Ripple.

Ripple Technical Analysis

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 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Ripple’s price has gone down 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

• From gasfreegamer:
  

  Made some extra cash by trading around some #BSCGEMS, so I decided to do a #giveaway and give back to you guys! The prize is $150 in $BNB to one lucky person who will:
  1. Follow me
  2. Like and Retweet this post
  3. Tag 3 friends
  ENDS IN 24 HOURS
  $ADA $XRP $BTC $ETH $DOGE #Binance

• From DefendDark:
  

  We heard the #Ripple & SEC lawsuit on 21-Dec-20 where the Sun was in its lower level. The Sun is will be in top level, on 21-Jun-21. As I previosly told, I was expecting a settlement around this date where #XRP to continue her move in accordance with the decission #XRPCommunity

• From DefendDark:
  

  Dears, we were together within many hard times since the Journey begun. We all believe in #Crypto & mostly the #XRP. I believe in XRP until we experience using in our day lives. Nobody wants to lose, but less want to really win. I stay calm & play to win. Peserverance is the key.

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

140.5 Million XRP Shifted By Ripple and Its ODL Platform, While XRP Sits at $0.86

As per the tweets posted by the blockchain data provider Whale Alert, over the past twenty hours Ripple and two other major crypto exchanges in opposite parts of the world pushed a whopping 140.5 million XRP in several transactions….The largest US-based crypto exchange – Coinbase, which is a public company trading on the Nasdaq as of April this year, has transferred 65 million XRP between its wallets, according to Whale Alert and the data provided by the analytics platform Bithomp.