Ripple 4 Hour Price Update
Updated August 31, 2020 01:36 AM GMT (09:36 PM EST)
The end of a 3 four-hour candle positive run has come for Ripple, which finished the last 4 hour candle down 0.49% ($0.0014). Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the last 4 hour candle.
Ripple Daily Price Recap
Ripple is up 3.28% ($0.009) since the day prior, marking the 3rd day in a row an increase has occurred. The price move occurred on volume that was up 46.75% from the day prior, but down 6.72% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Ripple’s price has gone up 16 of the previous 30 trading days.
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 SugarKoat:
Props to all the $XRP OGs who have been in this space for 2+ years, y’all should def write a book on resilience.Some of y’all are bitter AF ? but all of you have mastered your emotions…the payoff will be sweet! ?????????? Best, Class of Dec. 2019
- From alextherien1:
The year is 2030. $LINK is now official currency of Earth and 1 LINK is worth a million USD. $BTC topped out at $50k in 2027 and flash crashed. It is now worth 4 USD per coin. $ETH is worth 8 USD per coin. $DOGE finally made it to 0.01 USD. $XRP is still worth 0.25 USD per coin.
- From Neloangelo314:
If I have to make myself public to claim spark tokens, I am going to have to pass. Tbh this might shock you, but I don’t even care about it. Xrp is going to give me so much in return that the rest will fade in memory. I’m not greedy and I do not like free things in this day and
In terms of news links for Ripple here’s one to try:
INVESTMENTS – GOLD, SILVER, RIPPLE (XRP) | Conspiracy Daily Update
We are pivoting from the old system to the new gold backed system….Ripple will get to $10k per coin when the daily transactions reach $1T by transacting “All the Money in the World!” once it is adopted by the global banking system!…As soon as the gold backed currencies are announced, it will go to its traditional price….It has been announced that Ripple(XRP) will be the new method for transferring money between countries by the 196 central banks worldwide and will be gold backed….I have taken holdings in gold, silver and Ripple (XRP)….Now imagine a digital currency that is gold backed and completely open and transparent running on some sort of blockchain type of system… This is how ripple gets to $10k per coin.