Ripple (XRP) Closes Last Hour Up $0.00; Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days, 2 Day Up Streak Snapped

The Hourly View for XRP

Last Updated June 29, 2021, 03:017 GMT

At the time of this writing, Ripple’s price is up $0 (0.31%) from the hour prior. Ripple has seen its price go down 8 out of the past 10 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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 0.644 US dollars, down 0.69% ($0.0045) since the day prior. This move happened on lower volume, as yesterday’s volume was down 1.47% from the day before — and down 61.72% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. Here is a daily price chart of Ripple.

Ripple Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone up 5 of the previous 10 trading 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 Naturalmed777:
  

  Beginning in June 28 of 2021, Basel III rules will first require European banks to hold unencumbered physical gold valued at 100%. It appears Basel III is the switch for the Great Reset. It’s designed to shut down the small banks, then medium, then large. $XLM $XRP $XDC $ALGO

• From RippleXrpie:
  

  CBDCs are FIAT money… Central Banks need an efficient infrastructure like the XRP Ledger. Do you think the tests on the XRP Ledger are just for fun? No! They will use XRP as a bridge currency and that’s why #XRP will reach the stratosphere! . $589+ . 🚀
  . 🔥

• From SirRobArtII1:
  

  I took so many insults, hate, anger and even threats for simply saying #XRP will hit $0.15 when we were trading at $3. For 3 years. It was worth it, because it turned my non-frens into frens. We all learned to respect each other more. $7-$13 #XRP next INSHALLAH!🚀🤗🚀🤗🚀