The Hourly View for XRP
Last Updated September 29, 2020, 23:16 GMT
At the moment, XRP’s price is up $0 (0.54%) 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
Ripple is down 0.95% ($0.0023) since the day prior, marking a reversal from the day prior — and the end of a 4 day positive run. The price move occurred on volume that was up 75.03% from the day prior, but down 29.53% from the same day the week before. 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
Notably, Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From Kevin_Cage_:
If you are an $XRP Holder & honestly believe it will never appreciate in price because ‘they will never ramp up volume or txn size’, please do us all a favor & sell your XRP. We’ll be happy to buy it up at a discount. XRP does not care what you believe lol#NotFinancialAdvice
- 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 EricCobaltXrp:
I’ve been in the space for 2 and a half years. Five weeks ago I met a sweet girl whom became the 6th person I got in #XRP. Within a couple of weeks she in turn got 3 people to invest in $XRP. Either she’s got out of this world sales skills or people are wanting change.
In terms of news links for Ripple here’s one to try:
Bharath Chari, the spokesman of the newly founded XRP Ledger Foundation (XRPLF), which was established on September 24, denied the rumor in an interview with Forbes that Ripple will not invest in the development of the XRP Ledger in the future….However, Chari rejected speculation that the XRP Ledger Foundation would lead the future development of XRPL while Ripple would not invest as heavily in the future of XRPL….The XRPLF sees Ripple in a continued role as a key developer on both the technical and business aspects of the XRPL….Regarding the non-circulating supply of XRP under Ripple’s control, the Forbes correspondent asked if Ripple will transfer a large portion of the non-circulating supply to the XRPLF to make the XRP Ledger more decentralized.