The Hourly View for XRP
Last Updated September 30, 2020, 23:16 GMT
Currently, XRP’s price is up $0 (0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 1 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
0.2428 (USD) was the opening price of the day for Ripple, resulting in yesterday being one in which price moved up 0.75% ($0.0018) from yesterday. This move happened on lower volume, as yesterday’s volume was down 7.64% from the day before — and down 13.43% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For another vantage point, consider that Ripple’s price has gone up 17 of the previous 30 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 sentosumosaba:
Christine was never talking about XRP, it was all about the CBDC. Miguel failed at building XRP liquidity so ended up working for an app Co. owned by a multi-level marketing company, and Zagone just joined a company that has never been a supporter of Ripple. “Onward”
- 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.
In terms of news links for Ripple here’s one to try:
The fact that digital assets can provide tangible services like cross-border payments means more investors are now realizing their value, instilling a level of market confidence in these assets….Banks and financial institutions that can bring cross-border payment methods into the modern world and provide a truly frictionless experience that reduces the many pain points consumers are facing today will emerge as leaders in tomorrow’s global payment industry.