Ripple (XRP) Up $0.0007 Over Past 4 Hours, Makes Big Move Relative to Past Month; Breaks Below 20 Day Average

Ripple 4 Hour Price Update

Updated September 03, 2020 01:35 AM GMT (09:35 PM EST)

Ripple came into the current 4 hour candle up 0.25% ($0.0007) from the open of the last 4 hour candle, marking the 2nd straight candle an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the last 4 hour candle in terms of percentage price change.

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 0.2762 US dollars, down 6.53% ($0.0193) since the day prior. As for how volume fared, yesterday’s volume was up 21.07% from the previous day (Tuesday), and up 89.17% 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 day prior. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

Notably, Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone up 15 out of the past 30 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 XRPcryptowolf:

    #XRP monthly candles closed in green for two consecutive months in a row and the last time that this happened was back in 2017 right before $XRP skyrocketed from around 20 cents to over $3 dollars so I’m extremely bullish on #XRP finally having its bull run in 2020

  • From UpholdInc:

    After fervent public commentary: we’re delighted to announce that Uphold is supporting the Spark Token Airdrop. You’ll receive Spark Tokens on a 1:1 basis to the amount of XRP you hold on December 12, 2020 – the ‘snapshot’ date.

  • From _Crypto_Maniac_:

    7 month ago a friend asked me what stocks I invest in. I said “crypto”. He asked me what I invest in, I answered “XRP”. He said, “oh yeah I heard about Ripple, will take a look at them”. 7 month go by and I ask him, so, did you buy XRP? He says “Not yet, I bought Apple split” -_-

As for a news story related to Ripple getting some buzz:

Ripple: Japanese Miyazaki Bank participates as shareholder in MoneyTap

The smartphone application was already released two years ago for iOS and Android through the joint venture of the Japanese group SBI (60%) and Ripple (40%), SBI Ripple Asia….SBI Ripple Asia, the joint venture formed by SBI and Ripple, consists of 61 Japanese banks, which cover more than 80% of banking assets in Japan….Notably, the consortium announced late last year that it intends to capture up to 50% of the total RippleNet transaction volume once the technology infrastructure for the XRP based payment solution ODL (On-Demand Liquidity) is in place to send remittances from Japan to other banks in Southeast Asia.