Ripple 4 Hour Price Update
Updated September 09, 2020 03:19 PM GMT (11:19 AM EST)
Ripple closed the last 4 hour candle up 0.21% ($0.0005); this denotes the 3rd consecutive 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
0.2366 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved down 2.31% ($0.0056) from the day prior. The price move occurred on volume that was up 8.9% from the day prior, but down 34.37% from the same day the week before. On a relative basis, the day prior was pretty good: Ripple bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today the current price of Ripple is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 and 30 day timeframes. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From XRPeuphoria_:
I waited 8 years to tell the girl of my dreams that I loved her…I waited 1 1/2 years longer to make her my wife…I had waited 22 years to share physical intimacy with a woman…my wedding night…so yeah, I think I can wait a little longer for XRP…waiting is what I do…😊
- From RoseXrp:
I love it when I get DM messages like “Rose, when moon?”, “Moon when?” “When will XRP moon?” “Rose when will it happen?”. Guys I feel your pain I really do, ahhhhhhhhhrrggghhh 🤣🤣 I ask myself the same question relentlessly every god damn day 😅😂 and as I always say #HODL #XRP
- From Kevin_Cage_:
I don’t like the term XRP Army. It’s silly… I will never consider myself a member.I’m just another dude/community member.The best assets that win will win on a level playing field. I just think XRP is an OBVIOUS contender that should not be overlooked.Many will win.
In terms of news links for Ripple here’s one to try:
Ripple Partners ACI Worldwide and Currencycloud Ink New Big Deals In Canada and India
Meanwhile, another partner of the Ripple giant, Currencycloud, has teamed up with Canadian payments firm Dunbridge Financial to allow clients of the latter to hold thirty currencies in e-wallets and exchange payments with more than 180 countries….ACI has helped the bank to upgrade and expand its payment switching system by means of ACI’s Retail Payments solution….To help the bank upgrade and expand, ACI is employing its Retail Payments solution….The number of wallets holding 10,000 BTC has been in decline as well.