Ripple 4 Hour Price Update
Updated September 15, 2020 01:35 AM GMT (09:35 PM EST)
Ripple came into the current 4 hour candle down 0.37% ($0.0009) from the open of the previous 4 hours, marking the 2nd candle in a row a decline has happened. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
0.2457 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved up 1.45% ($0.0035) from the day prior. The price move occurred on volume that was up 3.8% from the day prior, but down 18.42% 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 day prior. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple is now close to its 20 day averages, located at 0.26 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From CloudPayid:
We think what Ripple has created is absolutely fantastic. And we started this company with a mindset to help the XRP movement along. We are not out to hurt people. We wish success to all of you. And if we are positive part of that process, then we have succeeded too. Cheers!
- From XrpSpark:
Let’s be realistic. An entire world running on bitcoin would require 3x the current energy usage of the entire planet and be 16x as expensive as fiat to settle. Thankfully, there’s XRP. The One Global Base Currency. At $10,000 USD/XRP it would cost 10 cents to sent $1,000,000 USD
- From XrpSpark:
If you believe crypto is the future of money, XRP WILL be the global base currency. It’s not a matter of if, but when. Economically it’s inevitable that XRP becomes not only the number one crypto, but the number one reserve currency. IE, THE go-to base currency of the planet.
In terms of news links for Ripple here’s one to try:
He also stated that Ripple intends to remove friction from international payments and make cash move around the world as easily as information does at present….Disclaimer: Any financial and market information given on U.Today is written for informational purpose only.