The Hourly View for XRP
Last Updated July 23, 2021, 02:048 GMT
Currently, XRP’s price is down $0 (-0.65%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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 is up 3.73% ($0.0213) since the day prior, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was down 4.65% from previous day, but up 28.32% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to the day prior. 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 moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 15 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From SnyderSheridan:
I have been homeless and only live to get high. Now 17 years later I make great money and it’s all thanks to God and when #XRP #CasinoCoin #XLM moon I want to give back and help as many people as I can get off drugs and off the streets. One day this dream will come true.
- From mrnguyen007:
I beg all my friends & followers in here! Promise me one thing, when you become an XRP Millionaire, please help out your local charity so they can feed hungry children. No child in this world should go without a basic need of life. God bless you & Iove you! Love thy neighbor ❤
- From CryptoBull2020:
To all those complaining about me sharing injuries and deaths from the COVID vaccine: I don’t care if I lose my Twitter account. I know #XRP will make me rich and at least I can say I did something good warning people and saving lives before the vaccine kills more!
In terms of news links for Ripple here’s one to try:
Toward A Ripple Test At The SEC
Goforth notes the following conditions which would exempt the asset from registration: Goforth is appalled that the SEC would wait so long prior to initiating its action against Ripple and says that Congress must reign in the agency….A Ripple Test could create the humility the SEC needs to determine first whether it is in the right to pursue regulatory action.