The Hourly View for XRP
Last Updated May 19, 2021, 02:046 GMT
At the moment, XRP’s price is up $0 (0.33%) from the hour prior. XRP has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XRP. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ripple Daily Price Recap
Ripple closed the day prior up 6.49% ($0.097); this denotes the 2nd day in a row it has gone up. As for how volume fared, yesterday’s volume was up 0.54% from the previous day (Monday), and up 69.29% from Tuesday of the week before. On a relative basis, the day prior was pretty good: Ripple bested all 7 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ripple.
Ripple Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From attorneyjeremy1:
Orlando City SC went up to DC United last night and came away with a gritty/ugly 1-0 win. I feel that’s what the XRP price is doing today – staying strong and getting the ugly gains against the headwinds. Somedays in life you just have to put your head down and DO WHAT IT TAKES.
- From sherpana1:
Telcoin $tel will hit $1. If ADA can run from 0.05 to $2.50 and XRP can do from 0.15 cents to $1.90, almost the same supply. Tel will do it, strong fundamentals and use case. Most people will buy Tel at dollar and will think they are getting at a cheap price. Patience is the key.
- From HammerToe:
@everlie_ng @DemRep3 XRP was designed by some Bitcoin developers to be a “better Bitcoin”. It was designed to do the same thing (peer to peer payments with no central authority) but without the energy usage.They then formed a company, Ripple, that went on to develop a SWIFT replacement using XRPL.