Ripple 4 Hour Price Update
Updated June 13, 2020 03:20 PM GMT (11:20 AM EST)
The choppiness in the recent four-hour candle price action of Ripple continues; to start the current 4 hour candle, it came in at a price of 0.1934 US dollars, up 1.2% ($0.0023) since the previous 4 hours. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Ripple Daily Price Recap
Ripple entered today at $0.1931, up 2.71% ($0.0051) from the day prior. This move happened on lower volume, as yesterday’s volume was down 29.18% from the day before — and down 32.14% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to the day prior. Here is a daily price chart of Ripple.
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. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From Crypt0_kenny:
Imagine what will happen when a coin like $VET is going to get listed on @coinbase.Remember what $XRP did in 2017? It hit an all time high of $3,84👀With these fundamentals people will love buying #VeChain for pennies🤑They see Walmart, BMW, BYD, PWC, think about it🤯#VET
- From joker_xrp:
No Other Crypto Can Settle In 2-4 Seconds. No Other Crypto Has The Worlds Biggest Banks On Board. Or Has Ties To The U.S Treasury. No Other Crypto Can Facilliate The Worlds Payments. Schwartz Told You, For XRP To Work, It Has To Be Of High Value – Asset. Only idiots Sell🃏 #XRP
- From C3_Nik:
Only one dedicated $XRP pair on @Binance now …I think they should do better, adding more pairs with the 4th largest digital asset makes sense, especially since it provides fast settlement. This request is not new, it’s time to deliver @cz_binance
For a longer news piece related to XRP that’s been generating discussion, check out:
Brad Garlinghouse Reveals Massive Ripple Usage Growth in Q1 2020
In addition to the ODL volume, the company also signed eight more production contracts than previously anticipated….Many existing ODL corridors have seen a recent surge in volume….Furthermore, Ripple plans to open new ODL corridors this year as well as increase volume in existing corridors.
