Ripple (XRP) Up $0.0002 On 4 Hour Chart, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days

Ripple 4 Hour Price Update

Updated August 21, 2020 01:35 AM GMT (09:35 PM EST)

0.2915 (USD) was the opening price of the four-hour candle for Ripple, resulting in the previous 4 hours being one in which price moved up 0.07% ($0.0002) from the previous 4 hours. 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

0.2924 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 0.86% ($0.0025) from the previous day. 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 previous day. Here is a daily price chart of Ripple.

Ripple Technical Analysis

The first thing we should note is that Ripple is now close to its 20 day averages, located at 0.3 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. 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:

• 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 Neloangelo314:
  

  Can I ask everyone something? For all of those who have either never heard of #Xrp or those who were on the fence about it, if I helped you decide to go with it, please let me know below! This should be my final day on the road God willing. Thank you friends! ❤ 🤍 💙 🧡

• 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.

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.