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Ripple 4 Hour Price Update
Updated August 19, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.3028 US dollars, down 0.85% ($0.0026) from the previous 4 hours. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.3027 US dollars, down 4.12% ($0.013) from the day prior. This move happened on lower volume, as yesterday’s volume was down 34.43% from the day before — and down 14.79% from the same day the week before. 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 the day prior. Below is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 XRP_OWL:
I’m allowed to call out other people’s bullshit. Always remember what space you’re in 😂You’re allowed to disagree as well that’s the beauty of it all.Next video title is “must watch, xrp gold backed, we’re all gonna be fucking rich, like and subscribe” Give me a break
- From WietseWind:
@HaraldoXRP @Bradley1970 @cryptoyourself @imELITTE_ @Crypt0_Normie @HugoPhilion Own XRP in your own wallets or participating exchange wallets. If own wallet: sign a transaction (XUMM tool live soon) on the XRPL confirming your account on the Flare network, get free Spark on the Flare network based on the amount of XRP you owned during the snapshot.
- From ShakoDoggo:
If you watched that video with Charlie Ward saying that #XRP is gold backed but it’s not announced yet while he doesn’t know anything about the crypto space then I suggest you to purchase some diapers. This shit is going to hit the fan real quick..$1500+ PER XRP IS A FACT SOON!
In terms of news links for Ripple here’s one to try:
Ripple: New app enables XRP to be sent to billions of people
Ripay developer Kuyawa Kata explains that the decentralized application was created to facilitate the sending of money worldwide….Unisend links a classic bank account with Unisend and enables money in the form of XRP to be sent directly to other XRP wallets worldwide….Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions.
