Ripple 4 Hour Price Update
Updated August 01, 2020 07:18 PM GMT (03:18 PM EST)
0.2923 (USD) was the opening price of the four-hour candle for Ripple, resulting in the previous 4 hours being one in which price moved up 9.11% ($0.0244) 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
Ripple came into today up 6.3% ($0.0154) from the open of yesterday, marking the 7th day in a row an upward move has occurred. The change in price came along side change in volume that was down 7.2% from previous day, but up 86.72% from the Friday of last week. Ripple outperformed all 5 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Here is a daily price chart of Ripple.
Ripple Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 18 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 davidgokhshtein:
We have a $XRP giveaway! ?So – I will give someone $50 in $XRP in the next 12 hours – all you have to do is re-tweet this and follow myself & @issaAfrican Tag someone and good luck! ?
- 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 criminalton:
After XRP explodes, all those fools you tried to get into crypto will be knocking on your door with some bullshit excuse of why you need to give them money. What are you gonna say?
Me, “I sold that scam shit a long time ago”.
I will hop into my old Chevy and leave for good.
In terms of news links for Ripple here’s one to try:
The Environmental Impact: Cryptocurrency Mining vs. Consensus | Ripple
In effect, the Consensus that governs transactions of the digital asset XRP solves for the “double spend” problem without the need for energy intensive Proof-of-Work mining….All XRP is already in existence, meaning no unsustainable mining practices or additional energy is ever required to produce more, unlike other digital assets like Bitcoin and Ethereum. The unsustainable mining practices and Proof-of-Work mechanism behind Bitcoin and Ethereum are massive barriers for the more widespread adoption of cryptocurrencies.