Ripple 4 Hour Price Update
Updated July 07, 2020 01:36 AM GMT (09:36 PM EST)
The choppiness in the recent four-hour candle price action of Ripple continues; to start the current 4 hour candle, it came in at a price of 0.188 US dollars, up 0.91% ($0.0017) since 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
The back and forth price flow continues for Ripple, which started today off at 0.1889 US dollars, up 6.6% ($0.0117) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 139.21% from the day prior, and up 58.72% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd 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
Moving average crossovers are always interesting, so let’s start there: Ripple crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From sentosumosaba:
LATAM guys. Bitso June 26 Launched their new Digital Payments App to ARGENTINA ~ No Fee, Instant & Assured Liquidity Crypto to Fiat. + Bitso #XRP remittances are UP while Mexico is down. Busting in growth. WED~ Ripple & Bitso on Crypto Payments Panel together @ArcadeXrp Schedule.
- From StanCratcha:
Have a feeling many people will be caught with their pants down when XRP takes off. It will be without warning, and it will be violent. A little diversity is fine, but don’t forget who the king of the jungle is just because he’s taking a nap.
- From X__Anderson:
To me it seems the infrastructure for banks using XRP was not ready in 2018. How could they use XRP when there was no liquidity?
ODL partner exchanges were not ready, right? Markets not open.
No Polysign to hold XRP. Not just regulations. It looks different now.
For a longer news piece related to XRP that’s been generating discussion, check out:
New Ripple / XRP corridor to India? Regulators kill digital innovation
Ripple executives referred to India’s ban on cryptocurrencies, caused by a lawsuit by the Reserve Bank of India (RBI)….The Ripple executive then stressed that a framework and regulatory authority for cryptocurrencies must be created….Ripple executives said the country is still feeling the impact of a campaign against cryptocurrencies that began in 2013.