Ripple (XRP) Down $0.0012 Over Past 4 Hours, 3 Day Down Streak Broken; Price Base in Formation Over Past 30 Days

Ripple 4 Hour Price Update

Updated August 29, 2020 01:35 AM GMT (09:35 PM EST)

Ripple is down 0.44% ($0.0012) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous 4 hours in terms of percentage price change.

Ripple Daily Price Recap

Ripple’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 2.76% ($0.0073). This move happened on lower volume, as yesterday’s volume was down 23.31% from the day before — and down 46.89% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Price action traders in particular will want to note that the 30 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 up 16 of the previous 30 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 alisonjkershaw:
  

  🚀Be grateful #XRP price is low
  🚀Be grateful nobody knows about #XRP
  🚀Be grateful you’re part of a paradox
  🚀Be grateful you’re about to witness a paradigm shift
  🚀Be grateful this is what investing IS
  🚀When the tide turns it will be too late to position in
  🚀Be grateful #XRP

• From digitalassetbuy:
  

  Hi @coinbase There are a lot of XRP holders who will be moving there XRP holdings off of your platform if you are not going to support the @FlareNetworks Drop. Do you have any intention to speak with them about it? Thanks.

• From xrpreality:
  

  Re-Tweet & Share with EVERYONE and try to change life as many as much as possibleEVERY american should hold 1000 #XRP at leastIt is better than ZEROYou do not know what is about to happenGET 1000 #XRP at least and forgetWorst thins is having ZERO #XRPSHARE IT

As for a news story related to Ripple getting some buzz:

XRP | Ripple

XRP and the XRP Ledger are open-source technology that anyone can build on….Payments moving across the XRP Ledger settle in 4 seconds.