Ripple 4 Hour Price Update
Updated September 24, 2020 01:35 AM GMT (09:35 PM EST)
Ripple is down 1.72% ($0.0039) since the previous 4 hours, marking the 3rd consecutive candle a decrease has occurred. 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 previous 4 hours.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.2215 US dollars, down 4.98% ($0.0116) from the day prior. The price move occurred on volume that was up 4.82% from the day prior, but down 11.99% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 200 day moving averages, which may act as price barrier for the asset. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From lordvendettaxrp:
I’m here for the ROI and nothing else! $XRP is the only one that will give you the best ROI if you know how to be patient! No other asset will give you what $XRP will give you! Even if you hold 10 different digital assets! Combined they won’t even come close to matching $XRP ROI!
- From Kevin_Cage_:
I watched Sam’s Debate with Bitlord… My opinions on XRP have not changed. If anything, I’m more confident Lol. Every FUD Point named, you can addressThere is a thing called Net Overlap as demand increases & volume increasesIdc if people don’t believe in XRP lol. I do.
- From lordvendettaxrp:
I tell you one simple thing and put it in your head. $XRP is a very, very, very different asset from all the assets that exist in the world. A new world asset class that the world has never known. If you are impatient, you have doubts or you are anxious about your investment, 1/2
In terms of news links for Ripple here’s one to try:
Ripple officially confirms: India’s largest bank joins RippleNet
After the news was supposedly unintentionally revealed by Marcus Treacher in November 2019, Ripple‘s Managing Director of MENA, Navin Gupta, has now officially confirmed at this year’s Swell MENA conference that India’s largest bank, HDFC Bank Limited, has joined RippleNet….HDFC Bank is the largest private sector lender in India by assets and the largest bank in India by market capitalization….However, as Navin Gupta announced on 12 August at the end of this year’s Swell MENA conference, HDFC Bank has joined the RippleNet….I’m pleasesd to announce that HDFC Bank, largest private sector bank in India has joined RippleNet.