The Hourly View for XRP
Last Updated June 14, 2021, 04:017 GMT
At the time of this writing, Ripple’s price is down $0 (-0.07%) 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 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’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 6.31% ($0.0525). This move happened on lower volume, as yesterday’s volume was down 33.38% from the day before — and down 10.21% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 up 7 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From manliotep:
Please see a Pinned Tweet. You may be interested
$ENJ $CHZ $VRA $TRU $TEL $ADA $GRT $INJ $HOT $SXP $SOL $VRA $WIN $UBX $TRIAS $FET $VET $ETH $KCS $XRP $FIL $CELL $BNB $LTC $CAKE $DENT $MATIC $UON $KAI $ACE $LINK $BTC #KuCoin - From MrUseCase1:
#XRP is literally designed to be a global bridge liquidity pool for transferring value. It needs a high price and deep liquidity to do what it was designed for. We are incredibly fortunate to be able to buy xrp on the open market and research it online 🙌🏼 Generational wealth…
- From VICTORIA_XDC:
$XDC will not stay forever at these prices. People who missed $XRP at 0.05 early 2017 getting a chance to get early acces to financial freedom. Its about to explode imo, to big things happening right now left and right news coming. #NoBrainer #NotFinancialAdvise
In terms of news links for Ripple here’s one to try:
Crypto Line of Credit – XRP Lending | Ripple
At the same time, creating credit arrangements for each destination market is
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