The Hourly View for XRP
Last Updated March 18, 2021, 04:017 GMT
Currently, Ripple’s price is down $0 (-0.34%) from the hour prior. Ripple has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 closed the previous day up 2.04% ($0.0094); this denotes the 2nd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 62.04% from the day before — and down 26.26% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 and 50 day averages, located at 0.45 and 0.46 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From truthseek33:
It’s strange. I have had many regrets in life. But I realize that everything has been leading me up to this point. There are forces at work that wanted me to witness The Reset and be ready for #xrp. It was inevitable. Everything has been leading up to this point.
- From CredibleCrypto:
If you’re an $XRP holder and aren’t following @attorneyjeremy, go do it now! His regular video updates keep me posted on any and all progress with the SEC case and they are actually very entertaining to watch at the same time.
- From sentosumosaba:
👀 First Regulated Bank offering YIELD ON ITS OWN ISSUED STABLECOIN. This is Sygnum, the bank @yoshitaka_kitao invested 8-digits in on Feb 18. Sygnum also offers #XRP for custody, trading & credit services on its banking platform. @WarrenDavidson @CynthiaMLummis @RonwHammond
As for a news story related to Ripple getting some buzz:
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.
