Ripple (XRP) Up $0.0038 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Breaks Above 20 Day Average

Ripple 4 Hour Price Update

Updated September 02, 2020 01:36 AM GMT (09:36 PM EST)

The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2962 US dollars, up 1.3% ($0.0038) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous 4 hours in terms of percentage price change.

Ripple Daily Price Recap

0.2955 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 5.01% ($0.0141) from the previous day. As for how volume fared, yesterday’s volume was up 23.05% from the previous day (Monday), and up 15.56% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

First things first: Ripple crossed above its 20 day moving average yesterday. 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 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 5 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 RyanSAdams:
  

  You think it’s crazy that YFI is $1b?Here’s the thing:I understand why YFI is worth $1bBut…I have no idea why IOTA is worth $1bI have no idea why LTC is worth $4bI have no idea why XRP is worth $9bYFI is one of the least crazy market caps on the board

• From TylerSCrypto:
  

  I know a lot of you may not be fans – but what do we think of $XRP?It has not been performing well for quite a while now, but my gut tells me that the XRP is overdue for a big moveAlso: the XRP crowd on YouTube is unlike any i’ve seen. Every video gets INSANE views.. 🤔🤔

• From CamelXRP:
  

  Lots of talk about #XRP replacing SWIFT on the 1st Sept and shooting to $50. Think about it, would SBI start CFD trading with #XRP on the 1st if that’s true? I’m wanting XRP to go up after nearly 3years holding but let’s be realistic or we will be disappointed (again).✌️

In terms of news links for Ripple here’s one to try:

Ripple: Japanese Miyazaki Bank participates as shareholder in MoneyTap

The smartphone application was already released two years ago for iOS and Android through the joint venture of the Japanese group SBI (60%) and Ripple (40%), SBI Ripple Asia….SBI Ripple Asia, the joint venture formed by SBI and Ripple, consists of 61 Japanese banks, which cover more than 80% of banking assets in Japan….Notably, the consortium announced late last year that it intends to capture up to 50% of the total RippleNet transaction volume once the technology infrastructure for the XRP based payment solution ODL (On-Demand Liquidity) is in place to send remittances from Japan to other banks in Southeast Asia.