The Hourly View for XRP
Last Updated July 4, 2021, 02:048 GMT
Currently, XRP’s price is up $0 (0.4%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 12 of the past 14 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 0.6732 US dollars, up 2.48% ($0.0163) from the day prior. This move happened on lower volume, as yesterday’s volume was down 17.22% from the day before — and down 49.84% from the same day 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 the day prior. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From JustWazzaXRP:
I admit I’ve lost interest in Crypto #XRP. I’m happy to hold for as long as I need to but I’m over the bullshit that goes with it day by day. I take notice when there is a new legal tweet from @FilanLaw because I know @attorneyjeremy1 isn’t far behind and he says it how it is.
- From mrnguyen007:
Today, I’ve blocked 🚫 a bunch of BTC Maxi & FUDSTERS! You’re not welcome in this XRP Community by spreading FUD about XRP & DM me with your nasty message. I simply don’t give a damn what you say or think. This Doctor know what he’s holding so stop the BS & get out of my room. 😉
- From BloodOrCrypto:
Do you even understand that if you asked 10 people on the street about #XRP, 0 out of 10 would know anything about it? Did you?Do you understand how small our community actually is? Do you understand how wealthy you’re going to be? For real though, prepare.
As for a news story related to Ripple getting some buzz:
Ripple and XRP Mentioned in Official US Bill Proposal | Bitcoinist.com
A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels….Ripple’s payment network was mentioned as one of the vectors of growth in the remittance market.
