Ripple (XRP) Closes Prior Hour Up 0.21%; Crosses 20 Day Moving Average, is Inching Close to 20 Day Average

The Hourly View for XRP

Last Updated September 30, 2020, 07:016 GMT

Currently, XRP’s price is up $0 (0.21%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.2428 US dollars, up 0.75% ($0.0018) since the previous day. 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 the previous day. The daily price chart of Ripple below illustrates.

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. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 17 them.

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:

    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 AlexCobb_:

    @sentosumosaba XRP will bridge CBDCs, it is good that lagarde is pushing for CBDCs People come and go at tech companies all the time, it’s part of the gameZagone did a lot of good spreading the message of the XRPL at events and engaging with the fed

  • From X__Anderson:

    XRP holders: Have you set up to claim #Spark ? If not, do you plan to?If you plan to send your XRP to an exchange, then choose ”Yes, on an exchange””I plan to” if you plan to set up to claim from a hardware wallet such as Ledger Nano or to Xumm.

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

The Role of Blockchain and Digital Assets in Cross-Border Payments | Ripple

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.