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The Hourly View for XRP

Last Updated July 28, 2021, 02:048 GMT

At the time of this writing, XRP’s price is up $0 (0.02%) 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. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on XRP. Given that we see an uptrend on the 20 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

Ripple closed the day prior up 3.28% ($0.0205); this denotes the 2nd straight day an increase has occurred. The price move occurred on volume that was down 40.75% from the day prior, but up 10.68% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.

Ripple Technical Analysis

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 another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From sonofdestinyxrp:

    Here’s my theory! Given how much deep shit Tether is going to be in, the Tether bombshell will drop just as Bitcoin hits its blow off top in this bull cycle, and then it will drop like a rock to fit the narrative! Afterwards, $XRP will go on its massive run. 🚀🚀

  • From sentosumosaba:

    New reveal @nubank to tap Ripplenet through @RemessaOnline (who tweeted use of XRP in future) ~ also know:
    1. Nubank is the biggest digital bank in the world by number of customers: 40 million.
    2. June they raised a $750M mega round LED BY BERKSHIRE HATHAWAY.
    Hello Warren!

  • From jungleincxrp:

    @GaryGensler @SECGov Hi Chairman Gensler,I’m a frustrated XRP investor, but I respect a Chairman that opens an account to public commentary. Looking forward to seeing the progress the SEC makes in regulating all of crypto in an orderly and fair manner.

For a longer news piece related to XRP that’s been generating discussion, check out:

XRP Price Thrives to Maintain a Bullish Rally! Ripple Labs Gains Upperhand in Lawsuit Against SEC

If XRP Price manages to break above these levels, it can further target the 200 Day SMA at the $0.76 level….Commissioners Hester Peirce and Elad Roisman express how there is a decided lack of clarity around how security laws apply to digital assets.  Ripple has filed a fresh motion asking the court to consider two SEC commissioners’ statements.

(Excerpt) Read more Here | 2021-07-27 20:48:56

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