Ripple (XRP) Price Near $0.25; Moves Up For the 4th Consecutive Day

The Hourly View for XRP

Last Updated September 28, 2020, 13:15 GMT

At the time of this writing, XRP’s price is up $0 (0.33%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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 0.7% ($0.0017) since the previous day, marking the 4th consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 19.16% from the day before — and down 19.98% from the same day 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 previous day. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Coming into today Ripple is now close to its 20 and 100 day averages, located at 0.24 and 0.24 respectively, and thus may be at a key juncture along those timeframes. 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 14 days Ripple’s price has gone up 9 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

• From EricCobaltXrp:
  

  Is it just me thinking that Ripple is ready to open up every corridor possible on earth and are just waiting on the signal ?Because with Bahamas launching their own CBDC next month I think it will be a snowball effect. If I’m wrong enlighten me.
  #XRP #XRPcommunity

• From Liquid_XRP:
  

  Back in June I lost almost all of my XRP. I transferred off the exchange to a previously tampered ledger nano x. @xrplorer. Helped me tack the transactions to and exchange. I contacted the exchange @ChangeNOW_io and they were able to stop the transfer. I also contacted my local

• From EricCobaltXrp:
  

  I’ve been in the space for 2 and a half years. Five weeks ago I met a sweet girl whom became the 6th person I got in #XRP. Within a couple of weeks she in turn got 3 people to invest in $XRP. Either she’s got out of this world sales skills or people are wanting change.

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

Ripple: XRP is predestined as a neutral bridge asset between CDBCs – Crypto News Flash

Source: Wit Olszweski – Shutterstock In a new blog post entitled “Interoperability Will Determine CBDC Winners and Losers”, Ripple discussed the need for a networked system of Central Bank Digital Currencies (CBDCs)….The pandemic has changed the perspective of central banks around the world on issuing digital central bank currencies.