Ripple 4 Hour Price Update
Updated July 16, 2020 01:36 AM GMT (09:36 PM EST)
Ripple closed the previous 4 hours up 0.3% ($0.0006); this denotes the 2nd candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Ripple Daily Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.1971 US dollars, down 0.95% ($0.0019) since the day prior. This move happened on lower volume, as yesterday’s volume was down 11.6% from the day before — and down 70.55% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For additional context, note that price has gone down 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From CyPhlux:
#xrp is dead in the water. I’ve accumulated for over 3 years now and there are just way better projects out there. Hell even Doge pumped harder than this shit coin. I’m moving out of xrp and into #Tron ? Just Kidding.
I’m not an idiot
Our Time Is Nigh
#xrpthestandard - From joker_xrp:
I Told You All, This Is Just The Start. Things Will Never Be The Same. A Tsunami Of Redundancies & Layoffs Incoming. The Virus Is A Distraction, The Economy Died Long Ago. QE Has Butchered Fiat, In Time For Crypto To Flourish. The World Will Use #XRP Tick Tock #xrparmy #XRPUSD?
- From ShirKhan1981:
If I‘ve set myself to believe in anything longterm financial wise, it is $XRP – this is why no FUD, no Whale or anyone nor anything else will shake me out of this project. I do also enjoy other projects, but $XRP is my escape pod out of this and into financial freedom.
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple: Legendary blackjack pro predicts XRP price of $10,000
When asked about a price target for XRP, Wynn stated that the price of XRP will only increase based on demand….Wynn said he has plans to hold the XRP token for the long term, no less than 5 years….Apart from XRP, Wynn also holds other cryptocurrencies….On this basis he makes his investment decision: I do hold a few other crypto currencies.