Ripple 4 Hour Price Update
Updated August 23, 2020 07:18 PM GMT (03:18 PM EST)
Ripple came into the current 4 hour candle up 0.78% ($0.0022) from the open of the previous 4 hours, marking the 2nd straight candle an upward move has occurred. 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
The back and forth price flow continues for Ripple, which started today off at 0.2862 US dollars, up 2.51% ($0.007) from the day prior. The price move occurred on volume that was down 20.06% from the day prior, but up 4.97% 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 🙂 Below is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 90 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.
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:
If you’re taking away from your lifestyle by investing in anything you are investing more than you can afford to lose. I have way less XRP than most people think but it’s a lot for me because I’m willing to hold. I also diversify and have seen what this space can and should do.
- From Jiltz_XRPeeps:
Imagine a whole new breed of millionaires with a moral conscience?A sudden wealth collective of people who made their money by not stabbing one single person in the back?Now you might say I’m a dreamer, but I’m not the only one…😁
- From Neloangelo314:
Xrp’s price has been suppressed for a very long time. Why? To shake the weak ones out and to save it for this time. Covid (19) to kill cash this year and then introduce the phoenix (91) Xrp to resurrect the economy. You are chosen. Remember that. If you give up now
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple | Suisse Gold – Precious Metals Dealers
How to Buy Gold and Silver using Ripple Placing an order for precious metals on SuisseGold.ch using XRP is easy and quick….For a client purchasing a potentially large order of gold and silver bullion, this is a huge premium to pay over your order value….All products on SuisseGold.ch are available to clients placing orders in XRP.