Ripple 4 Hour Price Update
Updated September 04, 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 0.2596 US dollars, down 1.14% ($0.003) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
Ripple closed yesterday down 11.33% ($0.0313); this denotes the 2nd straight day a decrease has occurred. The change in price came along side change in volume that was down 0.84% from previous day, but up 26.45% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 14 days Ripple’s price has gone down 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From steve46166200:
Spoke to my Bank Manager today, face to face, asked about Ripple and XRP. His answer was, Head office has told us not to discuss it until regulation are in place. End of conversation. I was very surprised he’d even herd of them. We’re so early. 😎
- From XRPcryptowolf:
#XRP monthly candles closed in green for two consecutive months in a row and the last time that this happened was back in 2017 right before $XRP skyrocketed from around 20 cents to over $3 dollars so I’m extremely bullish on #XRP finally having its bull run in 2020
- From UpholdInc:
After fervent public commentary: we’re delighted to announce that Uphold is supporting the Spark Token Airdrop. You’ll receive Spark Tokens on a 1:1 basis to the amount of XRP you hold on December 12, 2020 – the ‘snapshot’ date.
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.