Ripple 4 Hour Price Update
Updated August 17, 2020 01:36 AM GMT (09:36 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.3016 US dollars, up 0.8% ($0.0024) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.3046 US dollars, up 1.8% ($0.0054) since yesterday. The change in price came along side change in volume that was down 11.94% from previous day, but up 11.5% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Ripple below illustrates.
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 5 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From HaraldoXRP:
$XRP – $0.295 is one of the most tested levels in the XRP chart on both sides. We spent 6 months trying to break out of it in 2017, 12 months trying to defend it in 2019. The breakout cycle clearly starts again, wont be 6 months this time x
- From sentosumosaba:
World of cross-border payments is HUGE & doesn’t revolve around the US. I’m not in the least bit pessimistic. Being told the digital dollar or US CBDC is a game changer for #XRP is misguided Q: Where did that narrative come from? I’m looking at reality and the reality is bright.
- From XRPeuphoria_:
@X__Anderson I know a guy on here who celebrated buying 10 xrp at a time. His goal was to get to 1,000. I helped the dude out on the last leg of his accumulation because I really respected his ambition to reach his goal. People do what they can, I give props to anyone investing…period
As for a news story related to Ripple getting some buzz:
Ripple confirms ODL plans for India, demands regulatory clarity
Despite the growth in India, Ripple has not yet implemented its payment solution with the digital asset XRP, On-Demand Liquidity….In this regard, Gupta described the country as a fast growing market, and with a population of 35 million Indians living outside the country, as an attractive location for implementing Ripple’s cross-border payment solution….Furthermore, the trading volume for Zebpay peaked on August 2 with $8 million in total, demonstrating the growing adoption of cryptocurrencies in India and the market’s potential for solutions like those offered by Ripple.