The Hourly View for XRP
Last Updated April 22, 2021, 21:17 GMT
Currently, Ripple’s price is down $-0.08 (-6.2%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 9 of the past 10 hours. Regarding the trend, note that the strongest trend exists 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
1.291 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved down 6.92% ($0.096) from the previous day. This move happened on lower volume, as yesterday’s volume was down 22.67% from the day before — and down 64.29% from the same day 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 the previous day. 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 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone down 8 of the previous 14 trading days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 30 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
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 XRPcryptowolf:
I literally called the #SAFEMOON top on 4/20 and saved a ton of people from getting rekt with that Ponzi scam. #SAFEMOON is down 50% and couldn’t be happier that I was able to help out the #XRP community. Helping people and making a difference brings much more joy to your life ?
- From Anbessa100:
I’ve took the ?️and I said $XRP RAISE UP A lot of Gurus tried to make it continue it doesn’t work though. They Fugasi I am the the one and only master of $XRP, the most #accurate and superior hereOnly if you accept this I will make it move and I say REENTER
- From xrp_mami:
Don’t get priced out of $XRP like most did out of $BTC. Think about it. Team. Fundamentals. Use case. Solves a real problem. Enterprise ready. And at scale. Really weigh the options of the coins you invest in. $XRP will be at the #1 spot. SS this tweet. #0doubt
In terms of news links for Ripple here’s one to try:
Institutional investments in Ripple’s XRP nearly doubled last week
Institutional players allocated $33 million in XRP investment products last week, says a CoinShares report….Ripple-issued token XRP has been the most popular altcoin among institutional investors as the assets under management (AUM) in related financial assets nearly doubled, a report published by asset manager CoinShares earlier this week showed….Per the report, around $33 million worth of institutional capital has been allocated in XRP investment products over the past week, pushing the corresponding assets under management (AUM) to $83 million….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article.
