Ripple 4 Hour Price Update
Updated August 01, 2020 11:18 AM GMT (07:18 AM EST)
Ripple came into the current 4 hour candle up 0.75% ($0.002) from the open of the previous 4 hours, marking the 5th candle in a row an upward move has occurred. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Ripple Daily Price Recap
Ripple came into today up 6.3% ($0.0154) from the open of yesterday, marking the 7th day in a row an upward move has occurred. The change in price came along side change in volume that was down 7.2% from previous day, but up 86.72% from the Friday of last week. Ripple outperformed all 5 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ripple’s price has gone up 9 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From davidgokhshtein:
We have a $XRP giveaway! 😎So – I will give someone $50 in $XRP in the next 12 hours – all you have to do is re-tweet this and follow myself & @issaAfrican Tag someone and good luck! 🚀
- From criminalton:
After XRP explodes, all those fools you tried to get into crypto will be knocking on your door with some bullshit excuse of why you need to give them money. What are you gonna say?
Me, “I sold that scam shit a long time ago”.
I will hop into my old Chevy and leave for good. - From TheCryptHawk:
#XRP – Ran some historical data. We’re playing the early wave 1 algo of 2017. We should go for 0.29 wick, hold around 0.25-26 and straight to 0.45 before retrace 0.34 or so and shoot up to 0.62! Will be fun … #XRPCommunity
As for a news story related to Ripple getting some buzz:
The Environmental Impact: Cryptocurrency Mining vs. Consensus | Ripple
In effect, the Consensus that governs transactions of the digital asset XRP solves for the “double spend” problem without the need for energy intensive Proof-of-Work mining….All XRP is already in existence, meaning no unsustainable mining practices or additional energy is ever required to produce more, unlike other digital assets like Bitcoin and Ethereum. The unsustainable mining practices and Proof-of-Work mechanism behind Bitcoin and Ethereum are massive barriers for the more widespread adoption of cryptocurrencies.