Ripple (XRP) Closes Prior Hour Down -0.29%; Heads Up For the 2nd Day In A Row

The Hourly View for XRP

Last Updated October 6, 2020, 23:16 GMT

Currently, XRP’s price is down $0 (-0.29%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. 2 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 came into today up 0.93% ($0.0023) from the open of the previous day, marking the 2nd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 26.66% from the day prior, and up 46.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Coming into today the current price of Ripple is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. For additional context, note that price has gone up 8 out of the past 14 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 BabaCugs:

    Target Tweets The ECB ( Golden Sun & Blue Skies )
    Will Send Value In The Blink Of An Eye I Can’t Help But Laugh- Uphold Tweets XRP 4 Digits
    – Flare Confirms Riddles
    – Target Uses Same Language As BG123 Still Don’t Get It – I Don’t Know How To HelpBaba Keeps Winning

  • From XRPArmyNews1:

    @joerogan my name is Scott Powell. I love RIPPLE. I love XRP! I love all people of Earth. I love the Joe Rogan Experience. As a Demonstration of Cooperation I have been asked to request for you to have Sam @HamEggsnSam on your show. Will help you accept witha little help 5

  • From James78141017:

    You have staff at ripple coming out REPEATEDLY saying XRP won’t rise slowly, yet theres a long list of silly youtuber “experts” downplaying it, knowing full well xrp is a rocketship countdown. I dont get it. who do you believe more? Ripple employees or some basement dweller ytbr?

In terms of news links for Ripple here’s one to try:

Ripple: Renowned analyst predicts XRP price of 30 USD in 2-3 years

The technical analyst explained in a series of tweets to his 68,000 followers that XRP could rise to between 20 and 30 USD in the next bull run in the crypto market due to its fundamentals….At the same time, he said, it was “no nonsense to compare it with other related assets in the crypto space”….However, one of the biggest beneficiaries could be XRP, if the “real use cases” are revealed: Let’s not kid ourselves, speculation is what is going to fuel the next bull run just like the last 2, and that speculation will also make many very wealthy, just like the last 2.