The Hourly View for XRP
Last Updated April 18, 2021, 02:049 GMT
At the moment, XRP’s price is up $0.01 (0.8%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ripple Daily Price Recap
Ripple closed the previous day down 0.65% ($0.01); this denotes the 3rd straight day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 55.08% from the day before — and down 61.29% from the same day the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 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 SirRobArtII1:
When the noobs flock into #XRP and ask you, “Is $589 a realistic target?”I want you to look them dead in the eye, grab them by the shoulders and say, “I don’t see why it can’t hit $60,000 like Bitcoin.” Then we dump on them at $7-$13 and maybe $17.🤝
- From novogratz:
@JohnEDeaton1 @VitalikButerin Guys. I am not the SEC. I did not bring a lawsuit against Ripple. In fact I am a large shareholder of Ripple since day 1. the SEC has already said ETH is not a security. I understand why $eth is on the move. I don’t get the surge in $XRP. What’s so hard to understand?
- From HigherManas:
Let’s not assume Gary Gensler is going to hit the office on Monday & hug Ripple. Gensler is good for crypto because he understands it & regulations will finally move forward in the US. One way or another, this space needs regulation to move to the next level. #XRP will thrive. 🚀
As for a news story related to Ripple getting some buzz:
The indicator has been trading in the neutral zone for the last three days suggesting low volatility for the Ripple price….Overall the 4-hour technical analysis issues a buy signal with 14 of the total 26 major technical indicators suggesting their support for a bullish movement….The 24-hour technical analysis shares this sentiment and also issues a buy signal with 15 of the 26 indicators suggesting a bullish movement against only one indicator, which suggests a bearish retracement.