The Hourly View for XRP
Last Updated October 23, 2020, 01:037 GMT
At the time of this writing, XRP’s price is up $0 (0.23%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ripple Daily Price Recap
Ripple is up 2.43% ($0.0061) since the day prior, marking the 2nd straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 6.17% from the previous day (Wednesday), and up 49.04% from Thursday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 19 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From XrpMr:
I don’t care that @PayPal won’t offer #XRP initially (it’s coming)I don’t care if PayPal won’t let people take assets off their platform (most may not want to)What I do care about is they have over 346M users who most of which will have their very first contact with crypto!
- From galgitron:
I know everyone’s disappointed that PayPal chose to preclude XRP, but keep in mind that this is going to bring in 300 million people (10 times the current crypto people) bringing a ton of money into the space. Let’s hope the tide lifts all boats
- From JoelKatz:
@millionaire_xrp @HamEggsnSam @SohrabAhmari I didn’t believe in the deep state until I saw two Trump tweets saying he had declassified all Russia investigation documents without redactions, something he has the absolute right to do, and yet those who supposedly work for him refuse to do it.
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple XRP and Quant Overledger Gateway Partnership – Business Partnerships – Altcoin Buzz
The platform has also added Quant network’s Overledger gateway as one of its Ripple XRP validators….Running a XRP validator via Overledger gateways – which plugs into Quant’s ecosystem of ecosystems of the future, earn $QNT by processing transactions from @Ripple.