Ripple 4 Hour Price Update
Updated August 13, 2020 11:20 AM GMT (07:20 AM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2795 US dollars, up 0.14% ($0.0004) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
Ripple is down 0.21% ($0.0006) since the previous day, marking the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 33.29% from the day before — and down 16.12% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
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. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From FlareNetworks:
There is no current date for the utility fork. It is in development. Both the fork and the snapshot that it is based on will be very well telegraphed ahead of time. There will be ample time and clear mechanisms for everyone that wants to participate to do so. #unlockingvalue #XRP
- From galgitron:
I’ve been digging deep into Flare tech, and the more I wrap my head around it, the more impressed I am. @FlareNetworks has been incredibly helpful with all my questions. Very intelligent product and crew. The XRP/Flare combo has enormous DeFi potential, and I mean enormous.
- From XRP_stuart:
$XRP will exceed its all time high in the future and I firmly believe that it will grow exponentially it has the most potential. This is not financial advice. If you disagree with me please comment below this tweet. If not I will assume that you all agree with my opinion. ?
In terms of news links for Ripple here’s one to try:
Ripple Expands Into Iceland With Acquisition of Crypto Trading Firm – CoinDesk
Ripple is expanding its engineering team and moving into a new geography with the acquisition of Iceland-based crypto trading firm Algrim….The Algrim team will add six engineers to Ripple’s ranks, with a focus on integrations with partner crypto exchanges.