Ripple 4 Hour Price Update
Updated August 25, 2020 01:35 AM GMT (09:35 PM EST)
Ripple entered the current 4 hour candle at $0.289, up 0.31% ($0.0009) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the last 4 hour candle in terms of percentage price change.
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 0.2887 US dollars, up 1.33% ($0.0038) since yesterday. The change in price came along side change in volume that was up 7.58% from previous day, but down 60.93% from the Monday of last week. 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 yesterday. 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 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 7 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 X__Anderson:
XRP as collateral for various financial assets is the holy grail. If XRP would act as collateral for let’s say $10 Trillion in assets at a point in time, that would mean XRP would have to be $200 per coin minimum if ALL XRP in circulating supply would be used, which it won’t.
- From CredibleCrypto:
Calling on the #xrparmy. Pamp this tweet to 300 likes and I will release my new $XRP Youtube video early. Was planning on posting it mid-week but if the army shows me they want it today, it will go live today 🙌🏻
- From X__Anderson:
XRP is like digital gold (as stated by Chris Larsen and others at Ripple), so to collateralize assets by XRP would in a way be like backing them by gold. A more modern and frictionless model of sort of gold backing. Schwartz XRP collateralized stable coin proposal.
In terms of news links for Ripple here’s one to try:
Ripple CEO Praises Flare Network that Combines Best of XRP, ETH, AVAX
Ripple CEO says that Flare combines the best technological features of Ethereum and Avalance and serves as a smart contract platform for XRP….Besides, the Flare Network also uses an XRP encryption scheme which allows the usage of XRPL and Flare for XRP users….In short, Flare works as a smart contract platform for XRP.
