The Hourly View for XRP
Last Updated April 27, 2021, 03:017 GMT
Currently, Ripple’s price is down $-0.02 (-1.27%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 5 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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
The back and forth price flow continues for Ripple, which started today off at 1.367 US dollars, up 32.21% ($0.333) from the previous day. The price move occurred on volume that was up 69.32% from the day prior, but down 0.77% from the same day the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Ripple.
Ripple Technical Analysis
First things first: Ripple crossed above its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Ripple’s price has gone down 7 them. Those interested in trading off candles may wish to observe the emergence of a bullish engulfing pattern, which seems particularly noteworthy against the backdrop of a downtrend on the 14, 30 and 90 day time periods.
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 xrp_mami:
Lets be real. Doge has a circulating supply that is almost double that of XRP. has no real use case, no real dev team, is a meme coin, 1 person owns 40% of the supply. yet it hit over 40X its ATH. If you dont think XRP could do 100X from here. YOU ARE AN ABSOLUTE IDIOT.
- From xrp_mami:
Lets be real. Does anyone even give a fuck about the $XRP SEC case anymore LOL. We know the outcome and clearly folks are buying XRP and signing up with @Ripple
even with a lawsuit hanging over it. Once clarity comes thats just the icing on the cake. $XRP is going to 100X - From xrp_mami:
I love all of the hate $XRP gets. It makes it that much better to win. Dont let these fuck boys cost you money. love it or hate it. $XRP is going to make many of us millionaires. When? Well that depends on how much you have and how long can your paper hands hold on for….
As for a news story related to Ripple getting some buzz:
Ripple lawsuit heats up: SEC takes aim at heart of Ripple’s legal defense – FinanceFeeds
“To the SEC’s knowledge, no federal court has accepted a defendant’s argument that the term fails to provide the constitutionally required notice; indeed, in the realm of offers or sales of digital assets, at least two district courts in this Circuit have rejected that argument”, the regulator stated….The SEC v….Most recently, the SEC raised eyebrows for protesting against a subpoena on One River Asset Management, which hired ex-SEC Chairman Jay Clayton after he filed the complaint against Ripple the day before leaving office.
