Ripple 4 Hour Price Update
Updated August 22, 2020 01:36 AM GMT (09:36 PM EST)
Ripple closed the previous 4 hours down 1.16% ($0.0033); this denotes the 5th consecutive candle a decrease has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Ripple Daily Price Recap
Ripple entered today at $0.2792, down 4.51% ($0.0132) from the previous day. The price move occurred on volume that was up 29.73% from the day prior, but down 8.48% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous day in terms of percentage price change. 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 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 19 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From XRP_OWL:
I’ve been pretty negative over the past couple of weeks. I’ve stated before that I’ll try and change that. I meant it when I said it then and mean it when I say it now. Gotta keep trying/never give up. Maybe the stagnant xrp price is starting to get to me😅Thx for support
- From DaveOfTheDay:
I am ALL IN with XRP. Not 70% of my crypto portfolio is in XRP… Not 90%.. Not 99%…Not 50% into stocks and 50% in XRP. Not 25% gold, 25% stocks, 50% XRP.I mean 100% of my investment portfolio is XRP. 100% XRP.
0% Doubt. - 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.
As for a news story related to Ripple getting some buzz:
Ripple: XRP is complementary to central bank digital currencies
The Senior Director of Global Operations at Ripple, Emi Yoshikawa, spoke in an interview with the Japanese financial portal FXCoin about the relationship of Ripple’s XRP token to stablecoins and to central bank digital currencies (CBDCs)….As the Ripple executive explained, XRP does not compete with central bank digital currencies or stablecoins….XRP could be complementary in a world of CBDCs and, as in the current banking system, could be used as a bridge currency for cross-border transfers.
