Ripple (XRP) Up $0.0004 On 4 Hour Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Ripple 4 Hour Price Update

Updated August 27, 2020 01:36 AM GMT (09:36 PM EST)

Ripple entered the current 4 hour candle at $0.2779, up 0.14% ($0.0004) from the last 4 hour candle. Ripple outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ripple Daily Price Recap

Ripple closed the day prior down 0.07% ($0.0002); this denotes the 2nd consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 26.04% from the day before — and down 50.17% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Ripple’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

• From SupremeXRP:
  

  Warning🚨
  If you chose to be apart of the #XRPArmy their is a harsh reality that comes with it. We are the most hated community in crypto. People will fud attack us with a whole lot of bullshit. The reason? Very simple. XRP is the greatest! Hodl that shit and don’t let go period.

• From X__Anderson:
  

  Brad Garlinghouse told us that banks would custody digital assets directly in 2019 and that it would surprise us…It took a little longer than expected but banks are now allowed to do so, thanks to the OCC. It was surprising.He also told us major banks will use XRP.

• From sentosumosaba:
  

  How many time does one have to spell it out? @AlexSaundersAU #XRP is a bridge currency for balancing/providing liquidity in walled garden stablecoin transfers for example like the problem Hong Kong & Thailand experienced in Project Inthanon. XRP compliments stablecoins. 1/4

For a longer news piece related to XRP that’s been generating discussion, check out:

Ripple Partner NBF, Visa and UAE Telecom Giant Launch Unique SME Platform in the UAE

Visa and Etisalat—the brand name of the Emirates Telecommunication Group Company—will ensure that members of the new platform will have all the necessary tools and solutions to make it all happen and help local SMEs evolve and expand in their markets….Disclaimer: Any financial and market information given on u.today is written for informational purpose only.