Ripple 4 Hour Price Update
Updated August 23, 2020 11:18 PM GMT (07:18 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2852 US dollars, down 0.66% ($0.0019) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th 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 0.2862 US dollars, up 2.51% ($0.007) from the previous day. 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 previous day was pretty good: Ripple bested all 5 of the assets in the Top Cryptos class 🙂 Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 day averages, located at 0.3 respectively, and thus may be at a key juncture along those timeframes. 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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- 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 TheCryptHawk:
Happy Sunday peeps! #XRP did the minimum required yesterday taking the pivot, I was expecting a little bit more but it’s fine it will likely be for today I guess. We have that bullish checkmate here so it’s just a matter of time. What had to be done is done! #XRPCommunity
- From XRPeuphoria_:
@XRP_OWL 🤔…you and I think a little differently and that’s ok…I have way more invested than I should be comfortable with. We’re good with making some sacrifices now to increase our chances at a higher quality of life later…that doesn’t even mean more “stuff,” It means more freedom.
As for a news story related to Ripple getting some buzz:
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.