Ripple (XRP) Closes Prior Hour Up 0.67%; Crosses 20 Day Moving Average, Moves Down For the 2nd Straight Day, But Still in an Uptrend Over Past 30 Days

The Hourly View for XRP

Last Updated April 23, 2021, 09:017 GMT

Currently, Ripple’s price is up $0.01 (0.67%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ripple has now gone down 24 of the past 30 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. 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

Ripple closed the day prior down 10.38% ($0.134); this denotes the 2nd straight day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 36.97% from the day prior, and up 19.36% 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 day prior. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

First things first: Ripple crossed below its 20 day moving average yesterday. 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 9 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 have checked charts today. #XRP can follow 2 paths:

    1. Can jump towards $1.40s with a hard retrace back to $1 area followed by a huge move towards ATH+.or2. Can acumulate in this area slowly and again ATH+.All roads to ATH. We have less time. Targets are clear.

  • 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 SirRobArtII1:

    I’m throwing an exclusive #XRP party when it hits $10 this year in Miami for my millionaire friends. Please don’t take any bodyguards with you and make sure to have your Nano Ledger S on your person. Leave your phones at home, too. I’ll lend you mine if you need to call.

As for a news story related to Ripple getting some buzz:

Gary Gensler takes over at the SEC, but there’s little reprieve for Ripple

Jay Clayton was the former SEC chairman and was heading the agency when the case against Ripple was filed….Ripple only yesterday requested an additional two days to respond to the SEC order….With the SEC’s consent, Ripple is now expected to respond on Wednesday, April 28, 2021….#Ripple Ripple requested an additional two days to respond to the today’s #SEC_News discovery filing.