The Hourly View for XRP
Last Updated October 3, 2020, 01:037 GMT
At the time of this writing, XRP’s price is up $0 (0.04%) 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 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 1.68% ($0.004) from the open of yesterday, marking the 3rd consecutive day a decline has happened. The price move occurred on volume that was up 15.82% from the day prior, but down 17.23% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ripple’s price has gone up 16 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From CredibleCrypto:
Keep it real.$XRP price IS NOT “pre-determined.” $XRP IS NOT “backed by gold”. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.But it doesn’t need to do ANY of these things to make you and me life changing money over the next 3 years.
- From XRPArmyNews1:
Hello @joerogan my name is Scott Powell. I love RIPPLE. I love XRP! I love all people of Earth. I love the Joe Rogan Experience. As a Demonstration of Cooperation I have been asked to request for you to have Sam @HamEggsnSam on your show. Will help you accept with a little help
- From X__Anderson:
In the past, people used to ride horses. Then cars came and after a while horses were replaced by cars because they were faster and cheaper and they didn’t shit everywhere. It just took a long time for cars to take over because you needed to build better roads first.#XRP
As for a news story related to Ripple getting some buzz:
Ripple: XRP transactions will increase by 1,000% by 2025
This makes XRP 61,000 times more energy efficient than BTC….Ripple is therefore pushing the sustainable orientation of the XRP ledger and is doing excellent in comparison with the major cryptocurrencies….Ripple is working with the XRP Ledger Foundation, Energy Web and the Rocky Mountain Institute to achieve this goal.
