Ripple 4 Hour Price Update
Updated September 24, 2020 11:19 AM GMT (07:19 AM EST)
Ripple closed the last 4 hour candle up 0.44% ($0.001); this denotes the 3rd consecutive candle an increase has occurred. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.2215 US dollars, down 4.98% ($0.0116) from the day prior. The change in price came along side change in volume that was up 4.82% from previous day, but down 11.99% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today the current price of Ripple is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.
