Ripple (XRP) Closes Last Hour Down $0.00; Pin Bar Pattern Appearing on Chart

The Hourly View for XRP

Last Updated June 9, 2021, 02:048 GMT

At the time of this writing, XRP’s price is down $0 (-0.56%) from the hour prior. XRP has seen its price go down 24 out of the past 30 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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

0.8751 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 1.46% ($0.0126) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 54.67% from the day prior, and up 13.38% from the same day the week before. Ripple outperformed all 7 assets in the Top Cryptos asset class since the previous day. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone up 7 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 DefendDark:

    Dears, I do keep all my targets on #XRP some believe, some not, I respect that. XRP will be the new world reserve currency. This is for the ones who are patient enough to experience. I am confident with the targets. We will hit them all. I am patient and know myself. Cheers.

  • From Naturalmed777:

    I don’t think for a moment this #XRP lawsuit was decided by Clayton. It goes way above his paygrade. This was a high-level move and Gensler is continuing the delay tactic.Then it’ll all happen at once – $XRP status, price, Codius/Flare, Polysign, AMZ, the new system. Be ready.

  • From JohnEDeaton1:

    I responded to the cashier that he was very astute in his observations and that I was going to seriously look into this #XRP token that he was talking about. As I was walking out he yelled:“I’m telling you man #XRP is the way to go.” 😂