The Hourly View for XRP
Last Updated July 14, 2021, 02:048 GMT
At the time of this writing, XRP’s price is up $0 (0.4%) from the hour prior. The hourly chart shows that XRP has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 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 came into today down 1.6% ($0.0101) from the open of yesterday, marking the 2nd consecutive day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 21.3% from the day before — and down 3.24% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 day averages, located at 0.65 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 90 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 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From Kevin_Cage_:
It’s so funny when I see people that don’t know how big $XRP will be.Yes, I hold other assets but don’t get it twisted.$XRP is the one for international pymnts.If you want me to explain why, I have over 800 videos for you to watch.I don’t care if you hold any. I’ll hold.
- From CommunityFlare:
.@Bitboy_Crypto has been interested in #XRP for all of 5 mins based on what his ‘inside sources’ say about Ripple.I’m not sure why members of the community give his opinions so much weight. He has a big following but knows nothing in comparison to the legends you already follow
- From SirRobArtII1:
#XRP dumped 97% to $0.10, then pumped 660% to $0.76. It crashed 78% to $0.17 thereafter and pumped nearly 1,100%. If XRP actually crashes into the $0.20s, that would be a free ticket to 10-20X your entry. Bulls understand this. Frens too. Only noobs are frightened by this.???
As for a news story related to Ripple getting some buzz:
Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit
Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the U.S. Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday….As part of its defense, Ripple wants the SEC to explain why XRP is allegedly being treated differently from other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH)….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….© 2021 CryptoSlate.