The Hourly View for XRP
Last Updated April 28, 2021, 02:048 GMT
At the time of this writing, XRP’s price is up $0.01 (0.7%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend 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 closed yesterday up 2.63% ($0.036); this denotes the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 16.26% from the day before — and down 4.25% 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 yesterday. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 14 days.
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 xrp_mami:
Lets get the boring part over already. We know where this shit ends. Non of us are selling. So hurry the fuck up and make $XRP the standard already. You’re not going to shake out the real ones. Just accept that a few of us are going to become Millionaires and billionaires.
- From Kevin_Cage_:
You know how we were all extremely confident in $XRP reaching $1 again when we were even at $.11 in March 2020?I feel that same level of confidence thinking of $XRP at $10 while it’s sitting at $1 today.Our job is easy. Just have to wait.
- From AlexCobb_:
This bullrun has made me sleep bankrupt I feel a bit off, maybe only 3-5 hours of sleep per night last few weeks. I’m going to attempt a half-day sleep to catch up so I don’t feel like shit when XRP $10+ a coin This is DEFINITELY the next bullrun
For a longer news piece related to XRP that’s been generating discussion, check out:
In the past 20 hours, Ripple cryptocurrency behemoth, major Turkish crypto exchange BtcTurk and two Asian trading giants have wired a whopping 102.5 million XRP, as per tweets published by Whale Alert….Huobi has also wired 15 million XRP to the trading giant Binance.