Ripple 4 Hour Price Update
Updated July 22, 2020 01:36 AM GMT (09:36 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.1985 US dollars, up 0.35% ($0.0007) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Ripple bested all 5 of the assets in the Top Cryptos class ?
Ripple Daily Price Recap
0.1996 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 2.46% ($0.0048) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 8.7% from the day prior, and up 7.39% 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 the previous day. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, Ripple crossed above its 100 day moving average yesterday. Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 15 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From Kevin_Cage_:
You are extremely uninformed if you think Ripple is abandoning the ship of XRP Adoption & Use CasesSo much ignorance. Successful investors don’t focus on Current PriceI do a video on other projects & suddenly the idiots think I gave up on XRP? ?♂️I expect much more FUD soon
- From X__Anderson:
“In a way we’re plumbers”- Brad GarlinghouseYou don’t turn on the water until all the pipes are connected beneath the ground. You turn on the liquidity when the job is finished. The remittance is just turning on water in the sink for a couple of seconds as a test.#XRP
- From leb_crypto:
Sentiment is very low on #xrp. Finally! Bullish technicals combined with lost-hope on an asset is the best time to buy yet with the least number invested in the asset. Many have bailed out for other projects. Max pain coming soon for those who abandoned it after 2-3 HODL years.
In terms of news links for Ripple here’s one to try:
Over 300 financial institutions around the world rely on Ripple’s growing global payments network, RippleNet, to process their customers’ payments anywhere in the world instantly, reliably and cost-effectively….XRP is a digital asset independent of Ripple, and the XRP Ledger is the open-source technology behind it….XRP trades on over 100 markets and digital asset exchanges worldwide….Every exchange has a different process for trading XRP and their customer support and policies and practices may vary widely….Every exchange has a different process for trading XRP and their customer support, policies and practices may vary widely.