Ripple 4 Hour Price Update
Updated August 11, 2020 01:38 AM GMT (09:38 PM EST)
Ripple is down 0.03% ($0.0001) since the last 4 hour candle, marking the 2nd candle in a row it has gone down. 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 last 4 hour candle.
Ripple Daily Price Recap
Ripple entered today at $0.2947, up 2.33% ($0.0067) from the previous day. The change in price came along side change in volume that was up 23.42% from previous day, but down 53.4% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 19 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From XRPcryptowolf:
Many people are bummed out that #XRP hasn’t skyrocketed like #LINK but trust me when I say that it definitely will. I’ve seen it happen before in 2017 and it will happen again. Don’t FOMO into a parabolic pump only to get rekt when you could be preparing for the next opportunity
- From madave_lui:
If you really hate banks you’d support $XRP. XRP forces banks to change, cuts out correspondent banks, and forces them to lower fees when customers can vote with their wallets. Banks aren’t going anywhere but in 10 years they will be unrecognizable because of tech and $XRP.
- From madave_lui:
My new default message for everyone that shows up on my $XRP posts with “I’ve been hearing that for 2 years..” is..“then sell.”ffs, if you don’t get why you’re waiting then you shouldn’t be in $XRP. Go buy a pump and dump, learn to trade, do anything but invest in utility.
As for a news story related to Ripple getting some buzz:
Q2 2020 XRP Markets Report | Ripple
Total sales (OTC-only, given programmatic pause) ended the quarter at 18 bps of CryptoCompare TopTier volumes….As for overall liquidity and volume, XRP ended the quarter as the fifth most traded digital asset as measured by rolling 30D volume….XRP volume remained relatively strong as overall digital asset volume saw a dip in the second quarter of 2020….The XRP Ledger saw over 85 million in total transactions and XRP’s adjusted transfer value (NVT) ratio was 200.512—the highest among all digital assets in Q2.