Ripple (XRP) Price Near $0.63; in a Downtrend Over Past 30 Days, 2 Day Down Streak Broken

The Hourly View for XRP

Last Updated July 10, 2021, 02:046 GMT

At the moment, XRP’s price is down $0 (-0.41%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 5 of the past 5 hours. 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

The back and forth price flow continues for Ripple, which started today off at 0.6368 US dollars, up 2.23% ($0.0139) from yesterday. The price move occurred on volume that was down 7.85% from the day prior, but up 13.77% 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 yesterday. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:

• From WKahneman:
  

  Trying to get ahead of it: here is a sneak peak at the FUD about #XRP you will see over the next few months:
  1) The new wallet will allow #Ripple to sell into XRP suppressing the price!
  3) They won’t need XRP!
  2) Tokenization on the XRPL means that you can freeze accounts!

• From mrnguyen007:
  

  Not a financial advise! In my honest opinion this is the time to buy & hoarding as much XRP as you can! All technical analyst agreed the bottom is already in & the sling shot gain is in the near horizon! 💎We are in the same pattern as of 2017 before the massive Bull Run! 🏃‍♀️🏃‍♂️

• From CryptoBull2020:
  

  I don’t get it: @Bitboy_Crypto hates #XRP and people are like “what an idiot”. Now he is bullish and open and people are like “what an idiot”. Like him or hate him, but he built a social media empire and rather than vilifying him for getting facts wrong embrace him and teach him!