The Hourly View for XRP
Last Updated March 19, 2021, 04:017 GMT
Currently, Ripple’s price is up $0 (0.26%) 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 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
The back and forth price flow continues for Ripple, which started today off at 0.4693 US dollars, down 0.09% ($0.0004) from the day prior. This move happened on lower volume, as yesterday’s volume was down 12.02% from the day before — and down 18.65% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20 and 50 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 up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 10 days Ripple’s price has gone down 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From BrumDogMillion:
OMG my mate has lost all his #XRP on Wirex as a storage Fee! I’m so angry and disappointed for him! I told him that @wirexapp was a safe exchange! I want answers @wirexapp you can’t warrant taking over £1000 as fees that is criminal! He will be taking it further!!
- From CryptoBull2020:
I don’t remember a time over the past three years where #XRP was talked about LESS than now when it comes to price. It simply is on no one’s radar. Instead the #XRPCommunity is shilled PAC, XDC, and god knows what other coins. I am bullish on $XRP 🚀
- From nietzbux:
XRP is being held down in a bull run, massively hurting its holders, and the SEC member who gave ETH clarity was getting paid millions by a law firm in the ETH Alliance.This entire space is dangerously close to a giant Ponzi and SEC wants to go through Chris’ bank statements.
For a longer news piece related to XRP that’s been generating discussion, check out:
SEC v. Ripple case takes another turn that could boost XRP price by 60%Akash Girimath
FXStreetFollow
Following
Ripple took another legal jab at the U.S. Securities and Exchange Commission (SEC) that could tip the scales in its favor….A positive outcome from the new motion could benefit XRP price in the mid-to-short term scenario….However, the 61.8% Fibonacci retracement level at $0.43 seems to have done an excellent job preventing XRP price from dropping lower.
