Ripple 4 Hour Price Update
Updated September 14, 2020 01:36 AM GMT (09:36 PM EST)
Ripple’s 4 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 0.5% ($0.0012). Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.2422 US dollars, down 2.18% ($0.0054) from the previous day. The change in price came along side change in volume that was up 42.59% from previous day, but down 32.92% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today Ripple is now close to its 100 day averages, located at 0.23 respectively, and thus may be at a key juncture along those timeframes. 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 15 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From ben_gravis:
$zap @ZapProtocol is a boss! Did a +90% move in 3 days. Feeling sorry for the people that sold when I charted for 2 days the bounce was coming. Hope y’all listened & scaled in like I did. Still waiting for my targets to hit. Between 0.13 & 0.16. $zap $xrp $csc $trb $link ⚡️⚡️⚡️
- From XrpSpark:
If you believe crypto is the future of money, XRP WILL be the global base currency. It’s not a matter of if, but when. Economically it’s inevitable that XRP becomes not only the number one crypto, but the number one reserve currency. IE, THE go-to base currency of the planet.
- From amtvmedia:
$XRP is an amazing technology that empowers billions of unbanked worldwide. You can’t send PayPal to Sri Lanka (I’ve tried) but you can send XRP almost costlessly and instantaneously. This is just radical @Ripple 🚀🚀🚀🚀🚨😉
In terms of news links for Ripple here’s one to try:
Former Ripple executive: Banks will need XRP for future payment system
In that sense, the mentioned financial institutions joined forces so that Fnality could offer the banks the mentioned solution, the Utility Settlement Coin….#XRP https://t.co/eJF5ji5nqH — Cory Johnson (@CoryTV) September 9, 2020 As Ripple’s former Head of Marketing Strategy, Johnson is familiar with the company’s potential to be an intermediary in cross-border transactions….Ripple’s relationship with banking institutions around the world has been the subject of speculation in the past, although there is still no cooperation that could change the status quo of the current financial system.
