Ripple 4 Hour Price Update
Updated August 21, 2020 11:20 AM GMT (07:20 AM EST)
Ripple closed the last 4 hour candle down 0.68% ($0.002); this denotes the 2nd straight candle it has gone down. Ripple outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.2924 US dollars, up 0.86% ($0.0025) from the day prior. This move happened on lower volume, as yesterday’s volume was down 17.73% from the day before — and down 18.15% 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 day prior. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 20 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From Neloangelo314:
My belief is the 9.8k per Xrp glitch that happened in December of last year will be what we will have by the end of this year. Stress testing like a heart and getting prepared for the coming year. Bring in Covid-(19) to kill cash then bring in (91) the phoenix. Xrp.
- From Neloangelo314:
The bigger the crash, the bigger the response needed to recover the economy. You think even a $100 Xrp can help the ENTIRE world bounce back? No. It needs to be very high to allow a seemless and smooth transition. Higher price = higher efficiency. Simple logic.
- From OkieCrypto:
@coinbase I swear @coinbase is playing $VET just like they did with $XRP. Made the community wait forever to list it. Eventually they will cry uncle and list it just to make the community shut up. This is why my loyalty stays with @BinanceUS.
As for a news story related to Ripple getting some buzz:
Ripple Launches XRP Ledger Version 1.6.0 for Consensus Mechanism Amendment – NewsLogical
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