The Hourly View for XRP
Last Updated October 2, 2020, 15:16 GMT
Currently, XRP’s price is down $0 (-0.04%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. 2 Price action traders may also wish to note that we see a doji candlestick pattern on XRP. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 1.53% ($0.0037) from the open of the previous day, marking the 2nd straight day a decline has happened. The change in price came along side change in volume that was up 21.2% from previous day, but down 19.64% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 5th for the day in terms of price change relative to the previous day. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, Ripple crossed below its 100 day moving average yesterday. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From XRPArmyNews1:
Hello @joerogan my name is Scott Powell. I love RIPPLE. I love XRP! I love all people of Earth. I love the Joe Rogan Experience. As a Demonstration of Cooperation I have been asked to request for you to have Sam @HamEggsnSam on your show. Will help you accept with a little help
- From CredibleCrypto:
Keep it real.$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 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.