Ripple (XRP) Closes Last Hour Down $0.00; in an Uptrend Over Past 14 Days, Price Base in Formation Over Past 90 Days, 7 Day Up Streak Ended

The Hourly View for XRP

Last Updated October 15, 2020, 11:16 GMT

Currently, XRP’s price is down $0 (-0.33%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 9 of the past 10 hours. 2 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 is down 2.92% ($0.0075) since yesterday, marking a reversal from the day prior — and the end of a 7 day positive run. As for how volume fared, yesterday’s volume was up 16.16% from the previous day (Tuesday), and up 15.08% from Wednesday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th 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

Notably, Ripple crossed below its 50 and 100 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 18 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

• From sentosumosaba:
  

  Can you imagine? Being invited to attend Swell, with so many who tried, and you don’t get out of bed to pay back those who are paying your youtube royalties. No I can’t. Don’t fault me for my strong words. I’ve put in the hours and sacrificed a lot for XRP community. I can speak.

• From KyleMacLeanX:
  

  I spent 2 yrs buying $XRP under $0.33 – It’s pointless to debate $100-$589
  – $10 makes me rich
  – It reached $3.80 last time
  – Yes this price action is dismal 😝
  – Amazon was stagnant for years
  – (Not a perfect analogy)
  – Could #XRP become the Amazon of crypto? Yes 📈

• From bitcoin_brown:
  

  There is a MEGA BULL RUN coming and you are still trying to flip unknown shitcoins on UNISWAP.Time to pack those bags 💰✅ $BTC is being decoupling
  ✅ $ETH 2.0 is imminent
  ✅ $DOT will go parabolic
  ✅ $XRP will hit $0.30
  ✅ $LINK to $1k
  ✅ $RSR to $1You know the rest 🧠

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

Ripple Escrows 55 Billion XRP for Supply Predictability | Ripple

We use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54….As each contract expires, the XRP will become available for Ripple’s use.