Ripple 4 Hour Price Update
Updated August 02, 2020 11:18 AM GMT (07:18 AM EST)
Ripple came into the current 4 hour candle down 4.98% ($0.0152) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone down. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous 4 hours.
Ripple Daily Price Recap
Ripple is up 12.08% ($0.0314) since the day prior, marking the 8th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 118.82% from the previous day (Friday), and up 233.27% from Saturday of the week before. Ripple outperformed all 5 assets in the Top Cryptos asset class since the day prior. 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 30 days Ripple’s price has gone up 19 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From XRP_stuart:
My name Stuart and I am starting to believe that I could potentially be in the disbelief stage in the cryptocurrency market especially #XRP. I still believe XRP could go lower and find a new bottom, as we have been tricked many times in this manipulated young market. 🖐️
- From davidgokhshtein:
Today, I might read all the mean tweets that were sent my way. Those who trolled me 😞 about $XRP breaking its ATH! 🧔🏻My favorite ones are the people who stated they didn’t own a bag and would never because it’s a bankers token. These are the people you are following. 😂😂😂
- From boy_xrp:
We’ve endured such a 🐻 market that $ .30 seems to be mucho dinero for #XRP but when you 🤔 about how much value it can & will bring once it begins to do the job it was designed to do … $ .30 is a💧in the bucket! 💯 “It all depends on how big you want to dream” ~ @JoelKatz
In terms of news links for Ripple here’s one to try:
Every month, one of these 1 billion escrows would expire, returning the 1 billion XRP to Ripple….Ripple could then use that XRP or return a certain amount to a new escrow….When Ripple first escrowed the 55 billion XRP, it used 11 different wallets, each holding 5 billion XRP in escrows.