Ripple (XRP) Closes Last Hour Up $0.00; Price Base in Formation Over Past 30 Days

The Hourly View for XRP

Last Updated October 8, 2020, 03:016 GMT

Currently, XRP’s price is up $0 (0.16%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 3 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

The back and forth price flow continues for Ripple, which started today off at 0.2488 US dollars, up 1.3% ($0.0032) from the day prior. The change in price came along side change in volume that was down 47.23% from previous day, but up 41.87% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the day prior in terms of percentage price change. Here is a daily price chart of Ripple.

Ripple Technical Analysis

The first thing we should note is that the current price of Ripple is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For additional context, note that price has gone down 6 out of the past 10 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 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 BabaCugs:

    No Greater Joy Than Seeing XRP Accounts “ Slowly “ Lean Into The Narrative Of A New Payment System Backed By Gold Oh How The Tables Have Turned 🙂 Never Forget.Baba Told You On January 24,2020Everything Was Agreed Upon & DecidedExactly 14 Days Later The Show Began

  • From XRP_stuart:

    @bgarlinghouse Let’s be honest Brad XRP been in market from around 2 Feb 2013.Meanwhile 2,803 days later!
    Still no regulatory clarity/frameworks XRP in U.S. They are being pretty pathetic thats outrageous amount time to wait for clarity.Still nothing. In England we say they are taking the piss

For a longer news piece related to XRP that’s been generating discussion, check out:

Ripple scores big win over weekend | Modern Consensus.

The original complaint cited 17 statements by Garlinghouse or the company that the suit claimed were false.  Judge Hamilton dismissed 16 of those, allowing only a single statement to remain….Ultimately, the only claim that was allowed to proceed had to do with a single interview Garlinghouse gave in which he is quoted as saying “I’m long XRP, I’m very, very long XRP as a percentage of my personal balance sheet.” The plaintiff alleges this statement to be false when made because “throughout 2017 Garlinghouse sold millions of XRP on various cryptocurrency exchanges.”  The judge essentially sided with the plaintiff in permitting the claim to move forward….If you have a utility token like XRP that has a real value proposition.”  According to Judge Hamilton, “Plaintiff failed to explain why any part of this statement is false.