The Hourly View for XRP
Last Updated June 14, 2021, 03:017 GMT
Currently, Ripple’s price is down $0 (-0.27%) from the hour prior. Ripple 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. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. 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
The end of a 3 day negative run has come for Ripple, which finished yesterday up 6.31% ($0.0525). This move happened on lower volume, as yesterday’s volume was down 33.38% from the day before — and down 10.21% 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
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 down. For additional context, note that price has gone down 16 out of the past 30 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 DefendDark:
Dears, we were together within many hard times since the Journey begun. We all believe in #Crypto & mostly the #XRP. I believe in XRP until we experience using in our day lives. Nobody wants to lose, but less want to really win. I stay calm & play to win. Peserverance is the key.
- From DefendDark:
We heard the #Ripple & SEC lawsuit on 21-Dec-20 where the Sun was in its lower level. The Sun is will be in top level, on 21-Jun-21. As I previosly told, I was expecting a settlement around this date where #XRP to continue her move in accordance with the decission #XRPCommunity
- From CryptoBull2020:
My personal goal in this bull market is not to:1. Compete with others.
2. Listen to the “wins” and “losses” of others.
3. Make more money than you.My goal simply is to make enough money to provide a better life for my family. That’s success to me. #XRP
In terms of news links for Ripple here’s one to try:
Crypto Line of Credit – XRP Lending | Ripple
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