Ripple 4 Hour Price Update
Updated July 31, 2020 03:19 AM GMT (11:19 PM EST)
Ripple is down 0.41% ($0.001) since the previous 4 hours, marking the 2nd candle in a row a decrease has occurred. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Ripple Daily Price Recap
Ripple is up 0.41% ($0.001) since yesterday, marking the 6th day in a row an increase has occurred. The price move occurred on volume that was down 30.33% from the day prior, but up 30.35% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since yesterday in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Ripple’s price has gone up 11 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From digitalassetbuy:
“At what XRP price point will Ripple be worth a trillion dollars? XRP Price=$17 USD. Just so you’re mentally and emotionally prepared for it… the price won’t stop at $17. It will keep going past this artificial construct that makes people uncomfortable.” -HODOR Blog
- From CRYPT0HULK:
Prices I think are achievable in next few months or by end of year in crypto if #bitcoin bull market holds up.$17775 $btc
$1 $xrp wild card
$54 $neo wild card looks good
- From davidgokhshtein:
Ripple has done everything possible to be ahead of the curve when it comes to integrating with the banking system.Others projects will have to play catch up because they were too busy believing that the Banks would disappear. $XRP breaking ATH isn’t if, it’s more like when.
As for a news story related to Ripple getting some buzz:
Save for a few blips, XRP, Litecoin, Bitcoin Cash, and others have been part of the top 10 cryptocurrencies for years….Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text….Remittance Rules are changing and @Ripple and #XRP are both mentioned!!…Ripple’s payment network was mentioned as one of the vectors of growth in the remittance market.