The Hourly View for XRP
Last Updated July 29, 2021, 02:047 GMT
Currently, XRP’s price is up $0.01 (1.12%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ripple Daily Price Recap
Ripple came into today up 13.69% ($0.0884) from the open of yesterday, marking the 3rd straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 187.61% from the previous day (Tuesday), and up 172.17% from Wednesday of the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since yesterday. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From nietzbux:
The crypto media keeps trying to “crypto-tize” the Japan ODL news because 99% of crypto PR is exaggerated. #XRP usage is live in Japan. As in it’s being used as a bridge currency for cross border payments now. No pilot, no test. It’s called utility, and XRP has it.
- From mariam44806790:
Regulations are already made. it’s all a show #XRP pumped 76k % in 2017 without Coinbase without many exchanges without institutional money more over Clarity from SEC – People think will just do 10$ this Bull run – TA don’t work in XRP it’s not a crypto it’s a Currency 💥🚀💥🚀
- From kc86753091:
I had all of my family download uphold and sent each member 100 #XRP and said DONT sell it’s going to be great! 9 months ago ~ All have sold all of it and think im crazy. 🙄. How will they look back at this? 😂
As for a news story related to Ripple getting some buzz:
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