Ripple 4 Hour Price Update
Updated August 02, 2020 03:18 PM GMT (11:18 AM EST)
Ripple entered the current 4 hour candle at $0.2886, up 2.41% ($0.0068) from the previous 4 hours. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Ripple Daily Price Recap
Ripple is up 12.08% ($0.0314) since yesterday, marking the 8th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 118.82% from the previous day (Friday), and up 233.27% from Saturday of the week before. Ripple outperformed all 5 assets in the Top Cryptos asset class since yesterday. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 11 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 XRP_stuart:
My name Stuart and I am starting to believe that I could potentially be in the disbelief stage in the cryptocurrency market especially #XRP. I still believe XRP could go lower and find a new bottom, as we have been tricked many times in this manipulated young market. ?️
- From davidgokhshtein:
Today, I might read all the mean tweets that were sent my way. Those who trolled me ? about $XRP breaking its ATH! ??My favorite ones are the people who stated they didn’t own a bag and would never because it’s a bankers token. These are the people you are following. ???
- From boy_xrp:
We’ve endured such a ? market that $ .30 seems to be mucho dinero for #XRP but when you ? about how much value it can & will bring once it begins to do the job it was designed to do … $ .30 is a?in the bucket! ? “It all depends on how big you want to dream” ~ @JoelKatz
In terms of news links for Ripple here’s one to try:
Ripple escrow: Unraveling the mystery – XRPArcade
Every month, one of these 1 billion escrows would expire, returning the 1 billion XRP to Ripple….Ripple could then use that XRP or return a certain amount to a new escrow….When Ripple first escrowed the 55 billion XRP, it used 11 different wallets, each holding 5 billion XRP in escrows.