Ripple 4 Hour Price Update
Updated August 30, 2020 01:36 AM GMT (09:36 PM EST)
The end of a 4 four-hour candle positive run has come for Ripple, which finished the previous 4 hours down 0% ($0). Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Ripple Daily Price Recap
Ripple closed yesterday up 0.81% ($0.0022); this denotes the 2nd straight day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 37.4% from the day before — and down 58.41% from the same day the week before. 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
Coming into today Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. 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 10 days Ripple’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From alisonjkershaw:
🚀Be grateful #XRP price is low
🚀Be grateful nobody knows about #XRP
🚀Be grateful you’re part of a paradox
🚀Be grateful you’re about to witness a paradigm shift
🚀Be grateful this is what investing IS
🚀When the tide turns it will be too late to position in
🚀Be grateful #XRP
- From alextherien1:
The year is 2030. $LINK is now official currency of Earth and 1 LINK is worth a million USD. $BTC topped out at $50k in 2027 and flash crashed. It is now worth 4 USD per coin. $ETH is worth 8 USD per coin. $DOGE finally made it to 0.01 USD. $XRP is still worth 0.25 USD per coin.
- From SugarKoat:
Props to all the $XRP OGs who have been in this space for 2+ years, y’all should def write a book on resilience.Some of y’all are bitter AF 😂 but all of you have mastered your emotions…the payoff will be sweet! 💪🏼👨🚀👩🚀🚀🚁💰🥂 Best, Class of Dec. 2019
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple tries to diversify as it faces headwinds from the banks But, eight years after launch, Ripple is still trying to find compelling uses for the blockchain technology underpinning its currency that would justify such a high figure….Now, in an effort to draw more users, it has struck out in a new direction: to try to become the Amazon of the cryptocurrency world, using its platform to support activities far beyond the original cross-border payments system it hoped to build….Santander invested in Ripple in 2015, and recently chose not to use XRP at the heart of an ambitious new international payment network — a sign that even some of Ripple’s strongest backers do not yet see a use for its core technology….Scott Garlinghouse, Ripple CEO, blames uncertainty in the US over whether XRP tokens should be regulated as securities for discouraging more companies from using Ripple’s blockchain.