Ripple 4 Hour Price Update
Updated August 19, 2020 07:19 PM GMT (03:19 PM EST)
Ripple closed the last 4 hour candle down 1.82% ($0.0053); this denotes the 3rd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
0.3027 (USD) was the opening price of the day for Ripple, resulting in yesterday being one in which price moved down 4.12% ($0.013) from yesterday. This move happened on lower volume, as yesterday’s volume was down 34.43% from the day before — and down 14.79% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20 day averages, located at 0.29 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone up 20 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 WietseWind:
@HaraldoXRP @Bradley1970 @cryptoyourself @imELITTE_ @Crypt0_Normie @HugoPhilion Own XRP in your own wallets or participating exchange wallets. If own wallet: sign a transaction (XUMM tool live soon) on the XRPL confirming your account on the Flare network, get free Spark on the Flare network based on the amount of XRP you owned during the snapshot.
- From ShakoDoggo:
If you watched that video with Charlie Ward saying that #XRP is gold backed but it’s not announced yet while he doesn’t know anything about the crypto space then I suggest you to purchase some diapers. This shit is going to hit the fan real quick..$1500+ PER XRP IS A FACT SOON!
- From CryptoWhale:
The $XRP team has been working non stop over the last few years, building something amazing. Instead of putting out marketing ploys, and hyped nonsense, they are reserving themselves to real success. That’s rare to find in crypto, yet they still remain strong near the top.
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple DLT and XRP get the green light in Universal Postal Union’s white paper | ELEVENEWS
In the video, she explains why White Paper by Universal Postal Union boasts clear case to use Ripple DLT and its cryptocurrency XRP….According to a new publication, the Universal Postal Union advocates for the usage of crypto assets recommending XRP and the distributed ledger technology of Ripple as a solution to cut costs and time associated with money transfer….The integration of Postal Offices with crypto technologies such as Ripple’s distributed technology can provide the actual beneficiaries to get their monies either in their bank accounts or their mobile phones.
