The Hourly View for XRP
Last Updated May 27, 2021, 02:046 GMT
Currently, XRP’s price is up $0.01 (0.53%) from the hour prior. The hourly chart shows that XRP has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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 1.033 US dollars, up 6.02% ($0.0587) from yesterday. This move happened on lower volume, as yesterday’s volume was down 32.61% from the day before — and down 72.85% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 5th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
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. For another vantage point, consider that Ripple’s price has gone up 8 of the previous 14 trading days. Price action traders may also wish to note the presence of a bullish engulfing pattern in the midst of the downtrend on the 14, 90 and 30 day charts, which may signal the trend is concluding.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From DefendDark:
#XRP will not stop at $2.3. That is the 4H EW pattern expected end. In weekly EWs we are still on Wave 1. EW2 will be a correction probably next week. End then our famous (in general longest) Elliott Wave 3 will start in June, conforms w/my other charts wherein all, XRP was ATH+
- From Crypto_Knight33:
The two underdogs of #crypto are $ADA and $XRP; both amazing ideas, $XRP bridges the gap between old world finance and #DeFi. But unlike $ADA, $XRP is a crypto imposter, because in actuality its centralized. $ADA is closer to the heart of #DeFi. Who can say? As of now $ADA leads.
- From joker_xrp:
For Me Being Rich Isn’t Having Expensive Things Or Money. Being Rich Is The Absolute Freedom To Go Wherever You Want And Do Whatever You Want Without The Constructed Stresses Of The System — Worrying To Pay Bills. In this Game They Call Life, Wealth Is Liberation, Freedom. #Xrp?
For a longer news piece related to XRP that’s been generating discussion, check out:
What Is Ripple? What Is XRP? – Forbes Advisor UK
To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site….XRP, a cryptocurrency tailored to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalisation….Ripple is a payments settlement system and currency exchange network that can process transactions around the world….You can buy XRP as an investment, as a coin to exchange for other cryptocurrencies or as a way to finance transactions on the Ripple network….You could also use the Ripple network to process other types of transactions, like exchanging currencies.