Ripple 4 Hour Price Update
Updated June 16, 2020 01:36 AM GMT (09:36 PM EST)
Ripple came into the current 4 hour candle up 0.99% ($0.0019) from the open of the last 4 hour candle, marking the 4th candle in a row an upward move has occurred. Ripple outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.
Ripple Daily Price Recap
Ripple entered today at $0.1925, up 1.26% ($0.0024) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 146.45% from the day prior, and up 64.67% from the same day the week before. On a relative basis, the previous day was pretty good: Ripple bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed above its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone up 15 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to 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.
For a longer news piece related to XRP that’s been generating discussion, check out:
The Pound Sterling (GBP) live on Ripple’s ODL, more currencies to follow – XRPArcade
That is why Ripple partnered with a few exchanges to facilitate ODL trades….It was a few weeks ago that Ripple ODL partner exchange Bitstamp added GBP trading to its platform.
