The Hourly View for XRP
Last Updated March 12, 2021, 00:017 GMT
At the time of this writing, Ripple’s price is down $0 (-0.27%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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’s 4 day positive streak has officially concluded, as the candle from yesterday closed down 4.82% ($0.0234). As for how volume fared, yesterday’s volume was up 45.7% from the previous day (Wednesday), and up 40.61% from Thursday 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
First things first: Ripple crossed below its 20 day moving average yesterday. Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From britishgirlxrp:
@ripple is going to ask the judge to rule a summary judgement on whether or not $xrp is being traded as a security NOW. Which it clearly isn’t… and then worry about whether xrp was traded as a security in earlier years, later in the court proceedings. Gooooooo ripple!
- From Fame21Moore:
I havent sold 1 xrp since this shake out started. My confidence was shook however i fought through it and even managed to buy some fear. Long term investors are shook. This is how i always saw it playing out. A shake on the upside is possible as well.
- From ScottZILWarrior:
Wonder how many people will make the same mistake with $XRP as the $BTC Pizza guy ?Have just locked my XRP to ledger and will be holding for the next few years.If you watched the youtube video and understand what ripple are doing .. SEC case really means nothing#DYOR
As for a news story related to Ripple getting some buzz:
Here’s Why Ripple XRP Could Be the Crypto Option to Own Right Now | InvestorPlace
That said, investors in XRP appear to like the growth trajectory of this smaller cryptocurrency relative to its larger peers….However, XRP was designed to handle payments….Another key factor to consider is XRP’s existing global payment platform, Ripplenet….This is a decentralized network using XRP’s ledger and the XRP cryptocurrency to provide a global payments platform for users.