Ripple 4 Hour Price Update
Updated July 21, 2020 01:36 AM GMT (09:36 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.1949 US dollars, up 0.31% ($0.0006) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
Ripple closed yesterday down 2.4% ($0.0048); this denotes the 2nd day in a row it has gone down. The price move occurred on volume that was up 21.6% from the day prior, but down 38.48% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 100 day moving average yesterday. 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ripple’s price has gone down 8 of the previous 14 trading days.
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 AndrewP47809396:
Don’t get me wrong, I’m super bullish on XRP (bags packed) but since I decided to diversify I feel like my horse blinders have come off and I’m seeing potential in so many other projects. So many gems, so little money. I picked up ERD and QKC as my most recent. DYOR
- From X__Anderson:
“In a way we’re plumbers”- Brad GarlinghouseYou don’t turn on the water until all the pipes are connected beneath the ground. You turn on the liquidity when the job is finished. The remittance is just turning on water in the sink for a couple of seconds as a test.#XRP
- From katemossalike:
Lately I’m seeing so many people doubting #xrp and leaving it for other crypto’s. I remember right before it shot up I was having doubts,nearly panic sold because everything else was going up! thank god I didn’t it literally went to the moon and beyond not long after.
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple (XRP) CEO “is in awe” of China’s crypto and blockchain approach | CryptoSlate
The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week….CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events.