Ripple 4 Hour Price Update
Updated August 13, 2020 07:22 AM GMT (03:22 AM EST)
Ripple entered the current 4 hour candle at $0.2794, down 1.52% ($0.0043) from the previous 4 hours. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous 4 hours.
Ripple Daily Price Recap
Ripple came into today down 0.21% ($0.0006) from the open of the previous day, marking the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 33.29% from the day before — and down 16.12% from the same day the week before. 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 day. Here is a daily price chart of Ripple.
Ripple Technical Analysis
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 8 out of the past 14 days.
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 FlareNetworks:
There is no current date for the utility fork. It is in development. Both the fork and the snapshot that it is based on will be very well telegraphed ahead of time. There will be ample time and clear mechanisms for everyone that wants to participate to do so. #unlockingvalue #XRP
- From galgitron:
I’ve been digging deep into Flare tech, and the more I wrap my head around it, the more impressed I am. @FlareNetworks has been incredibly helpful with all my questions. Very intelligent product and crew. The XRP/Flare combo has enormous DeFi potential, and I mean enormous.
- From millionaire_xrp:
Why the hell would you care if #XRP dropped in price if you’re holding it as a long term investment and believe in it. Price means nothing at this point. This industry is just getting started, the fun days are ahead. Not too far ahead either.
As for a news story related to Ripple getting some buzz:
Ripple Expands Into Iceland With Acquisition of Crypto Trading Firm – CoinDesk
Ripple is expanding its engineering team and moving into a new geography with the acquisition of Iceland-based crypto trading firm Algrim….The Algrim team will add six engineers to Ripple’s ranks, with a focus on integrations with partner crypto exchanges.