Ripple 4 Hour Price Update
Updated June 20, 2020 01:36 AM GMT (09:36 PM EST)
0.1872 (USD) was the opening price of the four-hour candle for Ripple, resulting in the previous 4 hours being one in which price moved down 0% ($0) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Ripple Daily Price Recap
Ripple is down 1.37% ($0.0026) since the day prior, marking the 2nd day in a row a decline has happened. The price move occurred on volume that was up 5.87% from the day prior, but down 1.64% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 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 katecrypto0:
Hey everyone! My 5th #Giveaway. For $50! All you have to do is retweet, follow me, and tag 3 new friends in the comments. I will pick a random winner in 72 hours. Winner will receive $BTC. Good luck! #crypto $XLM $XRP $WOM $BCH $LTC $ADA $ETH $NEO $HC $ZIL $VET $TRX $LINK $ETC
- From AndySpqr:
Amazing work by @Ripple on the PayID interventions. One thing you will see is that despite this amazing news the price of xrp remains in the 19 cent range. Any other crypto project has this kind of announcement and it’ll have done easily a 100x since this news broke. ????
- From thebearablebull:
Investing in XRP is rough
You see your friends/family living their lives & buying goods that I have to sacrifice now for my future self’s freedom
XRP is a psychological battle (not just a financial one)
Only The Strong Will Survive ???
In terms of news links for Ripple here’s one to try:
XRP: A Preferred Base Currency for Arbitrage Trading | Ripple
XRP’s speed not only allows it to capture more price differences between exchanges, it also reduces the exposure to the various risks involved in those arbitrage trades….XRP’s speed also reduces the need for liquidity providers to hold large inventories of digital assets at multiple exchanges, lowering their working capital needs without lowering their ability to capture trading opportunities.