Ripple (XRP) Up $0.0041 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 Days

Ripple 4 Hour Price Update

Updated September 17, 2020 01:36 AM GMT (09:36 PM EST)

0.248 (USD) was the opening price of the four-hour candle for Ripple, resulting in the previous 4 hours being one in which price moved up 1.68% ($0.0041) from the previous 4 hours. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

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 0.2468 US dollars, up 1.44% ($0.0035) since the previous day. As for how volume fared, yesterday’s volume was up 20.52% from the previous day (Tuesday), and up 16.7% from Wednesday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to the previous day. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Coming into today the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 down. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. 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 Crypto_Bitlord:

    I’m sad to announce but $XRP #Ripple is: 🚨 A CONFIRMED SCAM 🚨 After years of watching them dump on us and delivering nothing to the token but shit I’ve cracked the code.THEY DONT NEED $XRPIf you read this, dump it-I’m selling every last centFUCK BRAD AND FUCK RIPPLE

  • From XRP_OWL:

    I’m not of the opinion XRP will be anywhere near $1,000 USD in the next few years.I wouldn’t be surprised though, we’ve seen the relationships Ripple has developed and the problem XRP solves.If XRP goes to crazy high $ I’ll be happy & unfortunately unavailable for comment 😄

  • From xrpreality:

    Many bought #XRP at $3.80 around 3 years ago, now people waiting for 20c or 17c or 12c or even lower#XRP can have a fireworks in blink of an eye & you wont even have enough time to login & place buy-order. ⚠️ WARNING:
    We are about to go parabolic at any moment.

For a longer news piece related to XRP that’s been generating discussion, check out:

Ripple’s Top Executive Says Transnational Payments About to Transform While Ripple Intends to Set Up New ODL Corridors

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.