Ripple (XRP) Closes Prior Hour Up 0.61%; Crosses 100 Day Moving Average, in a Downtrend Over Past 14 Days, Price Base in Formation Over Past 90 Days

The Hourly View for XRP

Last Updated March 1, 2021, 02:048 GMT

Currently, XRP’s price is up $0 (0.61%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 $0.416, down 4.72% ($0.0206) from the previous day. The change in price came along side change in volume that was up 1.82% from previous day, but down 17.84% from the Sunday of last week. 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 previous day. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

First things first: Ripple crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Ripple’s price has gone down 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

• From XRP_Productions:
  

  Was just at a coffee shop in New York and a guy in a suit saw my #XRP shirt and said he was a huge XRP fan.I’m trying to find him on Twitter to connect but having no luck…Do any of you in the NY area know a “Jamie Dimon”? 🤷🏻‍♂️

• From Crypto_Emhyr:
  

  So many late 2020 and 2021 Twitter accounts acting like #XRP experts, we get it, you watched a bunch of YouTube videos and now you’re fully educated on $XRP’s utility potential.
  Get back in your lane my guy, for real, rapidly get back in your lane and sit the fuck down 🤗❤

• From CryptoBull2020:
  

  #ADA has proven my right in everything I’ve been saying: those who bought near the bottom and held until now made over 4,000%. More than anyone else. #XRP will get the same gains. So will $EOS and #ETN. Buy and hold is the best and safest way to make money in this market!

In terms of news links for Ripple here’s one to try:

MoneyGram’s Decision to Halt Ripple Partnership Leaves CFO With Earnings Hole – WSJ

MoneyGram was using Ripple’s digital currency, XRP, and a platform for XRP transfers as an alternative source of foreign exchange as part of an agreement signed in 2019….Ripple also agreed to invest up to $50 million in MoneyGram….It is unclear what MoneyGram’s other options are under the Ripple partnership, Mr. Angelilli said, adding that there are no other comparable solutions to facilitate cross-border transactions in real time.