Ripple 4 Hour Price Update
Updated September 24, 2020 07:19 AM GMT (03:19 AM EST)
Ripple closed the last 4 hour candle up 0.04% ($0.0001); this denotes the 2nd straight candle an increase has occurred. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the last 4 hour candle.
Ripple Daily Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.2215 US dollars, down 4.98% ($0.0116) since yesterday. The price move occurred on volume that was up 4.82% from the day prior, but down 11.99% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 down. For another vantage point, consider that Ripple’s price has gone up 5 of the previous 10 trading days.
Leave a Reply