The Hourly View for XRP
Last Updated May 29, 2021, 02:045 GMT
At the moment, XRP’s price is down $-0.01 (-1.07%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ripple Daily Price Recap
Ripple came into today down 7.53% ($0.0732) from the open of the day prior, marking the 2nd straight day a decrease has occurred. The price move occurred on volume that was up 15.45% from the day prior, but down 48.45% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, Ripple crossed below its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Ripple’s price has gone down 8 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From mrnguyen007:
I was born poor, my parents worked hard to help me out when I went to medical school. BTC helped me paid off my student loan. XRP will help me pay off my daughter student loan because she want to be come a doctor like her Daddy! I never give up before & I never give up now! 💎 🤔
- From CyPhlux:
I’m selling all my #xrp
Its just way too close to big moves, the sec lawsuit working out in favor of Ripple and XRP being deemed a non-security. Im now investing everything I have into the far superior #BTC the fastest, Most scalable, green, and zero$ transaction fees asset ever. - From sonofdestinyxrp:
The amount of tears I’m about to cry once $XRP finally takes off will completely absolve me from all the pain, frustration, disappointment, and misery that I have ever felt in my entire life! It’s not just about the wealth, but my life itself will be forever changed!!
As for a news story related to Ripple getting some buzz:
Ripple price prediction: Ripple spikes to $0.85, prepares to move higher? | Cryptopolitan
From there, the Ripple price moved lower to the $0.85 support, where the further downside is rejected as of now….On the 4-hour chart, we can see the market moving to the $0.85 support over the last hours….Ripple price prediction is bullish as the market price retests $0.85 support and prepares to push higher over the next 24 hours.
