Ripple (XRP) Closes Last Hour Up $0.00; Crosses 20 Day Moving Average, is Inching Close to 20 and 100 Day Averages, Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated October 1, 2020, 15:16 GMT

At the moment, XRP’s price is up $0 (0.04%) 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. 2 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

0.2418 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved down 0.41% ($0.001) from the previous day. This move happened on lower volume, as yesterday’s volume was down 12.22% from the day before — and down 27.5% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 5th since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.

Ripple Technical Analysis

First things first: Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading 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 FlareNetworks:

    @JoelKatz @Brother_Angelus We took the decision to exclude Jed as the consistent sales of XRP having a negative effect on the psychology of the market make it clear he is not an XRP supporter. Spark attributable to his XRP holdings are being distributed equally to all other valid claimants.

  • From FlareNetworks:

    @JoelKatz @Brother_Angelus We do not know Jed (beyond 1 call) and have absolutely no animosity toward him or Stellar. Flare is intended to bring utility to the XRP Ledger – we reserve the right to structure the initiation of the network in the way we think necessary to achieve that objective.

  • From roginjohnxxx03:

    $5 / 250 Pesos Giveaway
    [ 1 Winner only ]• Must be following me , @itsKFA & @faithjahassle ✅
    • Tag 3 friends below 🏷️
    • Like and Retweet this if done ❤️♻️Ends after 30 minutes ⏳
    Goodluck everyone 🍀GCash | #TRX | #XRP | #ETH |

As for a news story related to Ripple getting some buzz:

Energy Web Is Starting With Ripple in Its Bid to Make Crypto Provably Green – CoinDesk

But who do you ask for if you want to make Bitcoin greener?  Announced Wednesday, Energy Web, a non-profit focused on decentralized approaches to decarbonizing the grid, wants to show how a large blockchain platform can switch to a zero-carbon footprint….So let’s get to the point where we can say with confidence that all blockchains, including Bitcoin and all its miners, produce in a green way.” Sign up for our newsletter By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.