Ripple (XRP) Price Near $0.25; 7 Day Up Streak Broken, Eyes 50 and 100 Day Averages, Breaks Below 50 and 100 Day Averages

The Hourly View for XRP

Last Updated October 15, 2020, 01:036 GMT

Currently, XRP’s price is down $0 (-0.12%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 9 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple Daily Price Recap

The end of a 7 day positive run has come for Ripple, which finished yesterday down 2.92% ($0.0075). As for how volume fared, yesterday’s volume was up 16.16% from the previous day (Tuesday), and up 15.08% from Wednesday of 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. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 50 and 100 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ripple’s price has gone up 9 of the previous 14 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 sentosumosaba:

    Can you imagine? Being invited to attend Swell, with so many who tried, and you don’t get out of bed to pay back those who are paying your youtube royalties. No I can’t. Don’t fault me for my strong words. I’ve put in the hours and sacrificed a lot for XRP community. I can speak.

  • From bitcoin_brown:

    There is a MEGA BULL RUN coming and you are still trying to flip unknown shitcoins on UNISWAP.Time to pack those bags 💰✅ $BTC is being decoupling
    ✅ $ETH 2.0 is imminent
    ✅ $DOT will go parabolic
    ✅ $XRP will hit $0.30
    ✅ $LINK to $1k
    ✅ $RSR to $1You know the rest 🧠

  • From KyleMacLeanX:

    I spent 2 yrs buying $XRP under $0.33 – It’s pointless to debate $100-$589
    – $10 makes me rich
    – It reached $3.80 last time
    – Yes this price action is dismal 😝
    – Amazon was stagnant for years
    – (Not a perfect analogy)
    – Could #XRP become the Amazon of crypto? Yes 📈

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

Ripple Prediction: XRP To Reach $100? – Crypto Gazette

The Daily Hodl online publication spotted a new Twitter poll that’s been conducted by pseudonymous Ripple and crypto enthusiast XRP_Cro, and this reveals that most of XRP investors believe the coin will surge above $100….3 Website 2 Website 1 Website 4.20 Website 4.93 Website 4.90 Website 4.03 Website 4.73 Website 4.60 Website Trending news October 14, 2020 October 14, 2020 October 14, 2020 October 14, 2020 CryptoGazetteFollow By the end of 2021, more companies will hold $ETH on their balance sheets than $BTC
They’ll need it so they can transact on #Ethereum David Schwartz said that he sold 40,000 Ethereum for just $1 each.