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The Hourly View for XRP

Last Updated July 26, 2021, 02:046 GMT

At the time of this writing, XRP’s price is down $0 (-0.05%) from the hour prior. XRP has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XRP. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 0.6069 US dollars, down 0.43% ($0.0026) from the previous day. This move happened on lower volume, as yesterday’s volume was down 29.52% from the day before — and down 13.58% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 5th for the day in terms of price change relative to the previous day. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Ripple’s price has gone down 15 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From SirRobArtII1:

    Took a while to sell my best #BTC entry from $3K at $57K. Had to battle a lot of FUD, doubt, fear and believe in my TA and $60K prediction. It’s taking a while to sell my best #XRP entry from $0.10 at new highs and $7-$13. Battling FUD, doubt and staying the course.🚀🚀🚀🚀🚀🚀🚀

  • From Lets_trend_XRP:

    🚀#XRP🚀Judge Netburn has enough evidence to bring this @SECGov VS @Ripple case to an end.There is nothing to discover here. The only thing we discovered is that the #SEC of 2020 had no interest in protecting the Investors of USA. 💵💰💵 All the money!
    ___
    Follow for follow

  • From xrp_mami:

    Put it this way. 1 $QNT will 1000% be worth more than 1 $XRP. Even if your theory for XRP is $50K a token. QNT can actually hit that with just a 500B MC. XRP had a MC of 150B and was only worth $3.86. Let that fucking sink in. I’m not trying to shame you. Just wake you up.

(Excerpt) Read more Here | 2021-07-25 20:47:15

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