The Hourly View for XRP
Last Updated March 19, 2021, 03:02 GMT
Currently, XRP’s price is up $0 (0.13%) from the hour prior. XRP has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 entered today at $0.4693, down 0.09% ($0.0004) from the day prior. This move happened on lower volume, as yesterday’s volume was down 12.02% from the day before — and down 18.65% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20 and 50 day averages, located at 0.45 and 0.47 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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From BrumDogMillion:
OMG my mate has lost all his #XRP on Wirex as a storage Fee! I’m so angry and disappointed for him! I told him that @wirexapp was a safe exchange! I want answers @wirexapp you can’t warrant taking over £1000 as fees that is criminal! He will be taking it further!!
- From CryptoBull2020:
I don’t remember a time over the past three years where #XRP was talked about LESS than now when it comes to price. It simply is on no one’s radar. Instead the #XRPCommunity is shilled PAC, XDC, and god knows what other coins. I am bullish on $XRP 🚀
- From truthseek33:
It’s strange. I have had many regrets in life. But I realize that everything has been leading me up to this point. There are forces at work that wanted me to witness The Reset and be ready for #xrp. It was inevitable. Everything has been leading up to this point.
As for a news story related to Ripple getting some buzz:
SEC v. Ripple case takes another turn that could boost XRP price by 60%
Akash Girimath
FXStreetFollow
Following
Ripple took another legal jab at the U.S. Securities and Exchange Commission (SEC) that could tip the scales in its favor….A positive outcome from the new motion could benefit XRP price in the mid-to-short term scenario….However, the 61.8% Fibonacci retracement level at $0.43 seems to have done an excellent job preventing XRP price from dropping lower.