Ripple (XRP) Closes Prior Hour Up 0.23%; in a Downtrend Over Past 14 Days

The Hourly View for XRP

Last Updated July 16, 2021, 04:021 GMT

Currently, XRP’s price is up $0 (0.23%) 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. 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 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

The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.5969 US dollars, down 3.76% ($0.0233) since yesterday. The change in price came along side change in volume that was up 11.01% from previous day, but down 22.43% from the Thursday of last week. 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 yesterday. Let’s take a look at the 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:

• From xrp_mami:
  

  $XRP is like the kid who fucks up all the time in the family but you have so much hope because they are brilliant. They just need a sense of direction and they can be anything they desire in life. Fuck you @SEC_News for holding our child back from sharing their gift with the 🌎

• From mrnguyen007:
  

  A FUDSTERS DM me & tell me that XRP is a shit coin. He advised me to buy Doge coin! I told him I would never leave a shit coin for a very shit coin! 😉He said Doge coin is adopted by the World 🌎. I would love to smoke whatever this guys is 🚬

• From mrnguyen007:
  

  BREAKING NEWS: I’m happy to announced 450 Doctors & Nurses in Vietnam just bought XRP! Please express a warm welcome all new XRP HODL to our community! Go Vietnam 🇻🇳It’s my honor & pleasure working side by side with all of them! We will beat Covid-19 together! ❤