The Hourly View for XRP
Last Updated April 19, 2021, 02:017 GMT
At the time of this writing, Ripple’s price is down $-0.02 (-1.25%) 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. As for the trend on the hourly timeframe, we see the clearest trend 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 day prior 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. On a relative basis, the day prior was pretty good: Ripple bested all 7 of the assets in the Top Cryptos class ? The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From cryptoWZRD_:
When the market moves bullish you beg for a dip to get in… when the dip happens you get scared and sell.. Take a step back, read the above.. zoom out of the chart & understand that dips are necessary in order to give rise to a healthy ‘long term’ bullish move… $XRP ???♂️
- From JamesMalpass12:
My wife is a funny creature. For 5 years she has told me “you are wasting our money buying #XRP” this morning she says to me “did you put in a buy order and buy the dip for us” for US??? What?!?!?! I thought I was wasting our money ????
- From novogratz:
With hindsight it was inevitable??. Markets got too excited around $Coin direct listing. Basis blowing out, coins like $BSV, $XRP and $DOGE pumping. All were signs that the market got too one way. We will be fine in the medium term as institutions coming to the space.
For a longer news piece related to XRP that’s been generating discussion, check out:
SEC loses a battle to win the war? Ripple dissociates from pumping XRP
Ripple Labs, are Ripple’s legal troubles now over?…Ripple Labs, can one really say that Ripple’s legal troubles are over?…Ripple Labs that “the SEC’s case rests on the proposition that XRP is a security — if it is not, the SEC lacks jurisdiction,” while Payne told Cointelegraph: “There are a handful of district court rulings that specific digital assets are securities: Telegram, Kik, ATBCoin, etc.” Those cases have provided important precedents that the SEC relies on now to police new token issuances that it believes are securities offerings….Continued Payne: John Wagster, an attorney at Frost Brown Todd, informed Cointelegraph that like almost every SEC action in the cryptocurrency space, the claims against Ripple “will be analyzed by market participants looking for a pathway to compliant token offerings,” adding: “A healthy market needs regulatory consistency, and the most meaningful outcome of the Ripple enforcement action would be one that provides a clear path forward for future issuances.” Yuliya Guseva, professor of law at Rutgers Law School, told Cointelegraph that “the Ripple case is exceptionally important.” Even though it resembles the Kik and Telegram cases, the facts in SEC v.