Ripple 4 Hour Price Update
Updated August 19, 2020 03:19 PM GMT (11:19 AM EST)
Ripple came into the current 4 hour candle down 1.19% ($0.0035) from the open of the last 4 hour candle, marking the 2nd consecutive candle a decline has happened. 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 last 4 hour candle.
Ripple Daily Price Recap
Ripple entered today at $0.3027, down 4.12% ($0.013) from the previous day. This move happened on lower volume, as yesterday’s volume was down 34.43% from the day before — and down 14.79% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 day averages, located at 0.29 respectively, and thus may be at a key juncture along those timeframes. 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
Behold! Here are the top tweets related to Ripple:
- From WietseWind:
@HaraldoXRP @Bradley1970 @cryptoyourself @imELITTE_ @Crypt0_Normie @HugoPhilion Own XRP in your own wallets or participating exchange wallets. If own wallet: sign a transaction (XUMM tool live soon) on the XRPL confirming your account on the Flare network, get free Spark on the Flare network based on the amount of XRP you owned during the snapshot.
- From ShakoDoggo:
If you watched that video with Charlie Ward saying that #XRP is gold backed but it’s not announced yet while he doesn’t know anything about the crypto space then I suggest you to purchase some diapers. This shit is going to hit the fan real quick..$1500+ PER XRP IS A FACT SOON!
- From ShakoDoggo:
Cash out strategies are not applied to XRP when shit hits the fan with banks and the gold backing.. It’s a once in a lifetime switch that can make a poor person into a 0.01% real quick. You want cash out strategies? Go trade with other assets. This beast is different
As for a news story related to Ripple getting some buzz:
Ripple DLT and XRP get the green light in Universal Postal Union’s white paper | ELEVENEWS
In the video, she explains why White Paper by Universal Postal Union boasts clear case to use Ripple DLT and its cryptocurrency XRP….According to a new publication, the Universal Postal Union advocates for the usage of crypto assets recommending XRP and the distributed ledger technology of Ripple as a solution to cut costs and time associated with money transfer….The integration of Postal Offices with crypto technologies such as Ripple’s distributed technology can provide the actual beneficiaries to get their monies either in their bank accounts or their mobile phones.