The Hourly View for XRP
Last Updated July 25, 2021, 02:051 GMT
At the moment, XRP’s price is up $0 (0.42%) from the hour prior. XRP has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. 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
The end of a 3 day positive run has come for Ripple, which finished the previous day down 0% ($0). This move happened on lower volume, as yesterday’s volume was down 34.44% from the day before — and down 8.61% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th for the day in terms of price change relative to the previous day. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
First things first: Ripple crossed below its 20 day moving average yesterday. 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 14 days Ripple’s price has gone down 7 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From SirRobArtII1:
Took a while to sell my best #BTC entry from $3K at $57K. Had to battle a lot of FUD, doubt, fear and believe in my TA and $60K prediction. It’s taking a while to sell my best #XRP entry from $0.10 at new highs and $7-$13. Battling FUD, doubt and staying the course.???????
- From Lets_trend_XRP:
?#XRP?Judge Netburn has enough evidence to bring this @SECGov VS @Ripple case to an end.There is nothing to discover here. The only thing we discovered is that the #SEC of 2020 had no interest in protecting the Investors of USA. ??? All the money!
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Follow for follow - From JohnEDeaton1:
Although the SEC claims that all #XRP are unregistered securities and @bgarlinghouse and @chrislarsensf unjustly enriched themselves, it allows Ripple Co-founder @JedMcCaleb to sell his #XRP for hundreds of millions of dollars to possibly buy MoneyGram. Makes perfect sense. ?