The Hourly View for XRP
Last Updated June 14, 2021, 06:017 GMT
At the time of this writing, Ripple’s price is down $0 (-0.27%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 is up 6.31% ($0.0525) since the previous day, marking a reversal from the day prior — and the end of a 3 day negative run. 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 previous day in terms of percentage price change. Here is a 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. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to 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
As for a news story related to Ripple getting some buzz:
At the same time, creating credit arrangements for each destination market is