Ripple 4 Hour Price Update
Updated July 08, 2020 01:35 AM GMT (09:35 PM EST)
0.185 (USD) was the opening price of the four-hour candle for Ripple, resulting in the last 4 hour candle being one in which price moved up 0.38% ($0.0007) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.1852 US dollars, down 1.96% ($0.0037) from the day prior. The price move occurred on volume that was down 25.8% from the day prior, but up 19.66% 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. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Ripple’s price has gone down 16 them.
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 HamEggsnSam:
I think it also helped open their eyes to the divide between some bitcoin maximalists and the XRP community. (see their XRP is ___ thread)I hope it let them see why XRP is not like so many of the other projects out there. Thanks again, I’m sure well find out in a day or two.
- From allinbraham:
Had ENOUGH! Sold all my $XRP for $LINK. Now ALL IN ON LINK! Couldn’t watch my bags value ROT AWAY any longer! Already made more gains in 12 hours than I made in 2 years! Emplore all XRP holders to do the same! DeFi will be the king maker this bullrun and $LINK makes it possible!
- From vajolleratzii:
People who wen’t, “All In” on $XRP are learning a very hard lesson on patients. XRP has always lagged behind. Everyone is seeing everything else going up without them. They feel, “left out.”This is where people panic sell bottoms and chase pumps. Don’t be one of them! #HODL
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple created the On-Demand Liquidity (ODL) payment solution which leverages XRP cryptocurrency to transfer money fast and at low costs without the need for pre-funded accounts….For instance, Treacher explains that the fintech has teamed up with traditional financial systems in a bid to speed up innovation which will give customers a faster and more convenient experience. He cites the partnership between Ripple and Banco Santander where the pair developed a blockchain-based mobile app that offers speedy international payments.