Ripple (XRP) Closes Prior Hour Down -0.53%; Breaks Below 20 Day Average, Moves Down For the 2nd Day In A Row

The Hourly View for XRP

Last Updated December 21, 2020, 06:016 GMT

At the moment, XRP’s price is down $0 (-0.53%) from the hour prior. XRP has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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

Ripple is down 3.72% ($0.0215) since yesterday, marking the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 5.83% from the previous day (Saturday), and up 33.41% from Sunday of 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 yesterday. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple crossed below 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. Or to view things another way, note that out of the past 10 days Ripple’s price has gone down 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From Neloangelo314:

    I mean every word I say. Don’t get me wrong. I am honest and genuine. But let me say this much, I say this in love, I couldn’t care less what people say about me or my reputation. I have already helped changed lives and helped people get into Xrp who had no idea. To prepare

  • From CryptoBull2020:

    #Bitcoin has become an asset for the rich, touting how they moved millions of $$$ for just $100. If you want to make money this bullrun and you’re not a millionaire, #XRP will be the best choice. Best utility. Fast. Inexpensive. Most gains.

  • From ShakoDoggo:

    I get those people thinking XRP will hit $0.30 or $0.10. If you’ve been in a dark tunnel for years and out of knowhere you see light, you probably don’t believe that the light is there.WAKE UP, THE LIGHT IS HERE!!! WE’RE GOING TO SURPASS $1.00 FASTER THAN YOU REALIZE!! 🚀🚀🚀🚀

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

Ripple Price Analysis: Following Long Consolidation, Can XRP Retest 2020 High At $0.78?

The price is trading slightly above a crucial support level of 2400 SAT at the moment….The next support lies at 1800 SAT and 1500 SAT.