The Hourly View for XRP
Last Updated May 20, 2021, 02:046 GMT
At the time of this writing, XRP’s price is up $0.04 (4.2%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 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 entered today at $1.062, down 33.29% ($0.53) from yesterday. As for how volume fared, yesterday’s volume was up 100.43% from the previous day (Tuesday), and up 120.61% from Wednesday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Ripple.
Ripple Technical Analysis
First things first: Ripple crossed below its 20 and 50 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 16 out of the past 30 days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
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 MoonLamboio:
When do #XRP meetups come back? I’ve met 0% of the community in person, but I want to meet you guys! I love running my XRP channel on YT, but damn it would be SO refreshing to just sit down & actually talk with humans about XRP and crypto in general. Ideally with a little 🍻
- From xrp_mami:
The world will run on @Ripple and $XRP. There’s no need for money to be so hard to move around in the 21st century. I was briefly reminded of that this week. I quickly remembered how massive this problem that XRP solves. And let me just say. I have 0doubts. $XRP is a game changer
- From jesse_hynes:
I can’t believe that Ripples poor quarterly earnings caused my XRP security tokens to lose value. Oh wait, what is that? The price of XRP is beyond Ripple’s control and not in any way reflective of their performance of a company? Then pray tell, how is it a security?
