Ripple (XRP) Closes Last Hour Up $0.00; Heads Up For the 6th Straight Day, Price Base in Formation Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated October 13, 2020, 01:037 GMT

At the time of this writing, XRP’s price is up $0 (0.12%) 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 50 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 closed the previous day up 0.31% ($0.0008); this denotes the 6th straight day it has gone up. The price move occurred on volume that was up 74.2% from the day prior, but down 32.8% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple is now close to its 50 and 100 day averages, located at 0.25 and 0.25 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 9 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 xrpreality:
  

  People won’t be able to buy tens of thousands #XRP anymore very soon & just a thousand #XRP will be a dream for many.This has not been designed for 25 cents & ecosystem wont work with even $10 per coin, If you know, you knowPrice is a distraction Enjoy

• From Bigity3:
  

  It’s not about lambos or materialistic things , those things are good to reward yourself like a trophy .. What it’s really about is helping others & taking care of the people around u , don’t be selfish with the wealth but only use it to help others who really need it #XRP

• From HamEggsnSam:
  

  Let me get this straight government: You didn’t make the #Crypto
  You didn’t make the #DEX
  You can’t regulate it
  You probably want to shut it down. But If I make a short-term trade, you demand a third of my profits?For doing what exactly?$BTC $ETH $XRP

As for a news story related to Ripple getting some buzz:

Ripple: Over 72% of all investors believe that XRP will reach $100

A substantial majority of 72.4 percent of survey participants believe that the XRP price will reach $100 at some point in the future….39.1% would exit at a price between $10 and $50 , which means that 82% do not want to exit their XRP investment below $10….The analyst predicted a rise in the XRP price during the next bull run to up to USD 20 to 30.