The Hourly View for XRP
Last Updated March 16, 2021, 03:017 GMT
Currently, Ripple’s price is down $0 (-0.28%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 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 0.82% ($0.0036) from the open of yesterday, marking the 2nd day in a row a decline has happened. The change in price came along side change in volume that was up 38.58% from previous day, but down 16.6% from the Monday of last week. Ripple outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Here is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 and 50 day averages, located at 0.45 and 0.46 respectively, and thus may be at a key juncture along those timeframes. 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 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 5 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 attorneyjeremy:
I just finished an outline on Attorney Deaton’s Motion to Intervene in the SEC v. Ripple lawsuit on behalf of XRP holders, what it is, and why it is CRUCIAL. I will shoot the video when I get home and try and have it up on YouTube early this evening – stay tuned!
- From XRPcryptowolf:
I fucking love all of you! You have no idea how much the #XRP community and crypto has changed my life! Thank you god for putting me through all the pain and suffering that led me to where I am today! I will always remain humble because I’m grateful for everything!
- From katemossalike:
Guys if $xrp is getting you down and you no longer see a future for xrp then move on, no one is stopping you. I will continue to hold because I choose to. If I am right or wrong time will tell but I made my long term decision and content with it x
As for a news story related to Ripple getting some buzz:
Bitrue Reaps the Rewards of Putting XRP at the Center of its Digital Assets Platform | Ripple
Making Bitrue an XRP-centric exchange had the potential to make the business more than just a simple trading platform….Persuading customers to use our platform was an even tougher challenge.” How the Active XRP Community Drives Exchange TrafficDemonstrating that more and more people were adopting On-Demand Liquidity to make cross-border transactions more efficient helped Wang convince the Bitrue team to focus the platform on XRP.