Ripple 4 Hour Price Update
Updated June 17, 2020 01:36 AM GMT (09:36 PM EST)
Ripple closed the last 4 hour candle up 0.42% ($0.0008); this denotes the 2nd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.1924 US dollars, down 0.05% ($0.0001) since yesterday. This move happened on lower volume, as yesterday’s volume was down 29.62% from the day before — and down 15.44% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today the current price of Ripple is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 up 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From digitalassetbuy:
Asked a banker last night if he has had a lot of mortgage defaults. He said no but tons have deferred payments meaning they will have to pay three months worth when the time is up. This will be a disaster of defaults. Strap in. #xrp crypto gold silver.
- From block_real:
As far as cashing out #xrp goes, i dont know how you can be sitting on lets say 10,000 xrp and it goes to $200 and 5 years later it reaches 20k. U ok giving up 200 million for 2m?instead of letting go of my xrp, im going the lending route. I worked to hard to just let it go
- From JoelKatz:
@xrp_erkan @MikeNardolillo @val5linx I hope people find XRP useful as a payment asset and as a bridge asset. I hope people find XRPL useful as a means of transferring XRP quickly, cheaply, and with censorship resistance as well as the decentralized exchange, account management, and social credit features.
