Ripple (XRP) Closes Prior Hour Down -0.57%; Price Base in Formation Over Past 30 Days, Nears 100 Day Moving Average, 2 Day Up Streak Snapped

The Hourly View for XRP

Last Updated October 7, 2020, 01:037 GMT

Currently, XRP’s price is down $0 (-0.57%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 5 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

0.2456 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved down 1.88% ($0.0047) from the previous day. As for how volume fared, yesterday’s volume was up 45.2% from the previous day (Monday), and up 131.06% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 6th since the previous day in terms of percentage price change. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 16 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 BabaCugs:

    Target Tweets The ECB ( Golden Sun & Blue Skies )
    Will Send Value In The Blink Of An Eye I Can’t Help But Laugh- Uphold Tweets XRP 4 Digits
    – Flare Confirms Riddles
    – Target Uses Same Language As BG123 Still Don’t Get It – I Don’t Know How To HelpBaba Keeps Winning

  • From XRPArmyNews1:

    @joerogan my name is Scott Powell. I love RIPPLE. I love XRP! I love all people of Earth. I love the Joe Rogan Experience. As a Demonstration of Cooperation I have been asked to request for you to have Sam @HamEggsnSam on your show. Will help you accept witha little help 5

  • From James78141017:

    You have staff at ripple coming out REPEATEDLY saying XRP won’t rise slowly, yet theres a long list of silly youtuber “experts” downplaying it, knowing full well xrp is a rocketship countdown. I dont get it. who do you believe more? Ripple employees or some basement dweller ytbr?