Ripple 4 Hour Price Update
Updated August 16, 2020 03:18 PM GMT (11:18 AM EST)
Ripple entered the current 4 hour candle at $0.2982, up 0.74% ($0.0022) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
0.2992 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved down 0.4% ($0.0012) from the previous day. The change in price came along side change in volume that was down 30.3% from previous day, but up 46.78% from the Saturday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
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 up. For additional context, note that price has gone up 20 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From sentosumosaba:
World of cross-border payments is HUGE & doesn’t revolve around the US. I’m not in the least bit pessimistic. Being told the digital dollar or US CBDC is a game changer for #XRP is misguided Q: Where did that narrative come from? I’m looking at reality and the reality is bright.
- From CryptoWhale:
In 2017, $XRP pumped 2000% in a single month. 🚀 🚀 This coin experiences FOMO like no other which is why I always encourage people to buy the dips. and accumulate. Once it does start mooning, it will leave anyone not in, behind. #XRP #XRPCommunity
- From JoshuaGEdwards:
The best community to own the asset that enables the use of XRP with Turing complete smart contracts is the community that will use it and benefit from it: $XRP holders. Flare is doing what we term a utility fork. It’s the first of its kind.@FlareNetworks #UnlockingValue $Spark
As for a news story related to Ripple getting some buzz:
Ripple confirms ODL plans for India, demands regulatory clarity
Despite the growth in India, Ripple has not yet implemented its payment solution with the digital asset XRP, On-Demand Liquidity….In this regard, Gupta described the country as a fast growing market, and with a population of 35 million Indians living outside the country, as an attractive location for implementing Ripple’s cross-border payment solution….Furthermore, the trading volume for Zebpay peaked on August 2 with $8 million in total, demonstrating the growing adoption of cryptocurrencies in India and the market’s potential for solutions like those offered by Ripple.
