Ripple 4 Hour Price Update
Updated August 13, 2020 11:19 PM GMT (07:19 PM EST)
Ripple is up 4.94% ($0.0138) since the last 4 hour candle, marking the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
Ripple came into today down 0.21% ($0.0006) from the open of the day prior, 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. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the day prior. 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 another vantage point, consider that Ripple’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- 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 XRP_stuart:
$XRP will exceed its all time high in the future and I firmly believe that it will grow exponentially it has the most potential. This is not financial advice. If you disagree with me please comment below this tweet. If not I will assume that you all agree with my opinion. 🙂
- From CyPhlux:
All good things come to those who wait. Lots of people having a hard time with the pumps from other assets. But #XRP will have its day. Xrp has been seriously seriously undervalued for a long time. Stay strong and remember why you invested. Its worth the pain and struggle.
As for a news story related to Ripple getting some buzz:
Ensuring That Our Digital Future Is a Sustainable One | Ripple
A fully digital future is one that would instinctively rely on digital payment assets like cryptocurrency….XRP is fundamentally a much more sustainable asset than the likes of Bitcoin or Ethereum, only consuming a scant 0.0079 KWh of electricity per transaction. A major reason why XRP is so much more sustainable than other cryptocurrency is that all XRP tokens currently exist, meaning no additional energy is required to make more of this asset….Put simply, a digital future that works for all must also be a sustainable future.