Image credit: source

The Hourly View for XRP

Last Updated July 15, 2021, 02:050 GMT

At the time of this writing, XRP’s price is up $0 (0.23%) 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 50 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 $0.6202, up 0.11% ($0.0007) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 10.46% from the day prior, and up 34.65% 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 yesterday. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Coming into today 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 8 out of the past 14 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 Kevin_Cage_:

    It’s so funny when I see people that don’t know how big $XRP will be.Yes, I hold other assets but don’t get it twisted.$XRP is the one for international pymnts.If you want me to explain why, I have over 800 videos for you to watch.I don’t care if you hold any. I’ll hold.

  • From SirRobArtII1:

    #XRP dumped 97% to $0.10, then pumped 660% to $0.76. It crashed 78% to $0.17 thereafter and pumped nearly 1,100%. If XRP actually crashes into the $0.20s, that would be a free ticket to 10-20X your entry. Bulls understand this. Frens too. Only noobs are frightened by this.🚀🚀🚀

  • From SirRobArtII1:

    Loaded up on #XRP at $0.60, if the market is generous enough will load up at $0.40 and $0.20s. Doubt it’ll be that good to me, but it’s not about WILL IT GO THAT LOW. It’s about DO YOU HAVE MONEY TO BUY IF IT DOES. That’s why I sold all my LTC earlier. To have options.

As for a news story related to Ripple getting some buzz:

Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit

Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the U.S. Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday….As part of its defense, Ripple wants the SEC to explain why XRP is allegedly being treated differently from other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH)….“They’re [Ripple] saying to Judge Netburn that they would like a decision denying the SEC’s Motion to Quash before then so they can take Mr. Hinman’s deposition that day,” explained James K….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article.

(Excerpt) Read more Here | 2021-07-14 20:51:01


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.