The hourly display for XRP
Last updated 21 October 2020, 19:16 GMT
Currently, the price of XRP has dropped by $ 0 (-0.32%) from the previous hour. XRP has seen its price drop down 4 hours in the last 5, thus creating some interesting opportunities for bears. 3 Hourly moving averages suggest a fall in price, as the 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are below the longer duration, which implies a stable downward trend.
Ripple Daily Price Summary
The end of a positive 3-day run has come for Ripple, which ended the previous day down 0.9% ($ 0.0022). The change in price was accompanied by the change in volume which increased by 2.82% from the previous day, but down 4.44% from last week’s Tuesday. Of the 7 instruments in the Top Cryptos asset class, Ripple was ranked 2nd for the day in terms of price change from the previous day. Let’s take a look at Ripple’s daily price chart.
Ripple technical analysis
The first thing we should note is that Ripple is now close to its 20, 50 and 100-day moving averages, which could act as a price barrier for the asset. The clearest trend exists on the 14th day timeframe, which shows the price moving down during that period. For further context, note that the price has increased by 18 over the past 30 days.
Heard on Twitter
Look! Here are the best tweets related to Ripple:
- From X__Anderson:
Opinion / Belief: $ XRP will not have an average return. It will go 1000x + or it will go to zero. … and it appears that regulatory clarity is what holds it back. Financial interests. It’s a bet I’m willing to make, the risk / reward looks good too. Not financial advice.
- From Kevin_Cage_:
It doesn’t matter if I believe what you believe about $ XRP rising slowly and steadily or rising overnight XRP is my biggest position. We are on the same team. RELAAAAAX 👊 You don’t need others to agree with your beliefs to reaffirm your #ImOpenToAnythingTBH
- From ThinkingCrypto1:
1/2 I’m going to get a lot of hate for it but I have to keep it real. I am optimistic on both #Bitcoin and #XRP. However, when the folks at @Ripple claim that China controls Bitcoin, don’t they see it’s throwing rocks from a glass house when they control most of XRP?
For longer news related to XRP that has generated discussions, check out:
Ripple vs Stablecoin … or not? – Galgitron blog
I mean, why would anyone need a bridge via XRP if they can just send a stablecoin and be done right? … No, I’m talking about the global reserve currency, of course, the USD, which today serves as a bridge to create the virtual pairs that are too illiquid to exist on their own … How the fact that I have a stablecoin Mexican will help me bypass the need for a bridging currency to bring my money to my Indian friend in their local currency so they can actually use it? … So yes, even stablecoins still need to be bridged in an X-border payment … “But but but you can bridge a USD CBDC instead of using ODL, right?” Yes, I could, but why should I? … (I don’t apologize) Stablecoin in ODL Yes, it is possible that ODL evolves to use a stablecoin instead of XRP in many cases.
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