Ripple (XRP) Closes Prior Hour Up 0.45%; in a Downtrend Over Past 90 Days, Heads Down For the 2nd Consecutive Day

The Hourly View for XRP

Last Updated July 21, 2021, 10:17 GMT

At the time of this writing, Ripple’s price is up $0 (0.45%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend 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 closed yesterday down 5.1% ($0.0284); this denotes the 2nd consecutive day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 17.63% from the day prior, and up 41.09% from the same day 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

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

• From WKahneman:
  

  As of today, if you owned #XRP, you could have additionally gained FLR, DFLR, & SGB, potentially drawing in value from LTC, DOGE, XLM, CSC, ADA, ALGO, BNB, CAKE, CEL, GALA, GTC, PAC, SANSHU, SHIB, TEL, USDC, USDT, XDC and even ETH, as well. That’s really quite astonishing.

• From XRP_OWL:
  

  Songbird is an entire new network🌋If you held XRP during the snapshot last December you will receive songbird at a .1511 to 1 XRP ratio. If you held on an exchange you will have to request your SGB. There will be steps necessary to claim even if you had custody of your XRP.

• From SirRobArtII1:
  

  Best #XRP buys were at $0.10 COVID crash and $0.17 SEC crash. If we get the “we’re in a bear market” crash to something like $0.24, you know what to do. $0.10 bounced to $0.76, $0.17 to $1.96. As long as $0.10 and $0.17 hold, we’re making higher lows on the macro.💚🚀💚🚀💚🚀💚

For a longer news piece related to XRP that’s been generating discussion, check out:

XRP Lawsuit update: SEC Commissioners’ ‘gift’ to Ripple might have this effect – AMBCrypto

Here’s the catalyst for Bitcoin’s future growth you might not be aware of Bitcoin: What you should know about these market players’ latest move Only a matter of time before Bitcoin does this Why this Bitcoin product is ‘really a matter of when not if’ Is it right to say this about Ethereum?…In what is the latest development in the same, individual defendants Brad Garlinghouse and Chris Larsen have used the recent observations made by SEC Commissioners Hester Peirce and Elad Roisman to reiterate an old defense with their latest filing, According to the same, “The Public Statement further supports the Individual Defendants’ motion to dismiss for failure to adequately plead that they allegedly aided and abetted Ripple’s offers or sales of unregistered securities.” The aforementioned observations were pertaining to the regulators commenting on “regulatory uncertainty” in the context of the SEC’s actions in the Coinschedule case.