Ripple 4 Hour Price Update
Updated August 11, 2020 03:19 PM GMT (11:19 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 0.2847 US dollars, down 4.81% ($0.0144) since 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
Ripple entered today at $0.2947, up 2.33% ($0.0067) from the previous day. The price move occurred on volume that was up 23.42% from the day prior, but down 53.4% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
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. 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
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From madave_lui:
If you really hate banks you’d support $XRP. XRP forces banks to change, cuts out correspondent banks, and forces them to lower fees when customers can vote with their wallets. Banks aren’t going anywhere but in 10 years they will be unrecognizable because of tech and $XRP.
- From XRPcryptowolf:
Many people are bummed out that #XRP hasn’t skyrocketed like #LINK but trust me when I say that it definitely will. I’ve seen it happen before in 2017 and it will happen again. Don’t FOMO into a parabolic pump only to get rekt when you could be preparing for the next opportunity
- From Jiltz_XRPeeps:
$XRP
I recently got a friend to invest in XRP and he bought a shitload at $0.15.
No endless researching and years of holding the ups and downs for this guy, just straight in at the bottom and he’s since doubled his money.He now thinks I’m Jesus.I now think he’s Satan.😂
For a longer news piece related to XRP that’s been generating discussion, check out:
Q2 2020 XRP Markets Report | Ripple
Total sales (OTC-only, given programmatic pause) ended the quarter at 18 bps of CryptoCompare TopTier volumes….As for overall liquidity and volume, XRP ended the quarter as the fifth most traded digital asset as measured by rolling 30D volume….XRP volume remained relatively strong as overall digital asset volume saw a dip in the second quarter of 2020….The XRP Ledger saw over 85 million in total transactions and XRP’s adjusted transfer value (NVT) ratio was 200.512—the highest among all digital assets in Q2.
