Ripple (XRP) Down $0.0017 On 4 Hour Chart, 2 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart

Ripple 4 Hour Price Update

Updated August 16, 2020 01:35 AM GMT (09:35 PM EST)

Ripple came into the current 4 hour candle down 0.57% ($0.0017) from the open of the previous 4 hours, marking the 2nd consecutive candle a decline has happened. 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

The back and forth price flow continues for Ripple, which started today off at 0.2992 US dollars, down 0.4% ($0.0012) from the previous day. The price move occurred on volume that was down 30.3% from the day prior, but up 46.78% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a 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. For another vantage point, consider that Ripple’s price has gone up 20 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

• From Kevin_Cage_:
  

  Dear XRP gods, your little buddy Kevin here. Hope all is well on the Moon. Can you please drop XRP below 25c in the coming weeks while my other alts moon a good 50%+?It would definitely make my 2020 more enjoyable. Please ignore any triggered comments below 🙏👊- KC

• From CryptoWhale:
  

  In 2017, $XRP pumped 2000% in a single month. 🚀 🚀 This coin experiences FOMO like no other which is why I always encourage people to buy the dips. and accumulate. Once it does start mooning, it will leave anyone not in, behind. #XRP #XRPCommunity

• From joker_xrp:
  

  The World Will Be Completly Digitized. Since 1988 This Has Been A Plan Waiting To Happen. Constructed By Techs & Elite Bankers Of The World. The Great Reset. Guess What? #XRP Will Be The Blood & Ripple The Beating Heart Of The Quantum Financial System. Tick Tock #XRPCommunity🃏

In terms of news links for Ripple here’s one to try:

Ripple: New app enables XRP to be sent to billions of people

Ripay developer Kuyawa Kata explains that the decentralized application was created to facilitate the sending of money worldwide….Unisend links a classic bank account with Unisend and enables money in the form of XRP to be sent directly to other XRP wallets worldwide….Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions.