Ripple 4 Hour Price Update
Updated May 21, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2015 US dollars, down 0.1% ($0.0002) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
Ripple came into today down 1.71% ($0.0035) from the open of the previous day, marking the 2nd day in a row it has gone down. The price move occurred on volume that was down 2.19% from the day prior, but up 19.65% from the same day the week before. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. For another vantage point, consider that Ripple’s price has gone up 18 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From XRP_OWL:
I had a dream last night XRP dropped to a very low valuation (I remembered this dream while driving to work and became excited😂)I think it was around .02 In that dream I bought a shit ton more. If that happened in real life the outcome would be the same.Not Advice
- From BambooXRP:
When people ask why XRP? Ask them these questions.
Why do wire transfers take so long, where is the money?
Why can’t you instantly buy bread with any stock/asset you hold?
Why can’t you send/receive money on Sundays?
Why does it cost so much to send money overseas?
That’s why XRP
- From WietseWind:
Please remember these words forever, whenever you hear about a giveaway of crypto, including XRP, even (or especially) if you believe it’s from Ripple:THERE ARE NO REAL GIVEAWAYS – NOBODY WOULD DO THAT – IT IS ALWAYS A SCAM
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple’s XRP has got approval for being used in cross-border money transfers from the U.S.Consumer Financial Protection Bureau….Ripple‘s XRP has received permission from America’s Consumer Financial Protection Bureau….This comes as the cryptocurrency token has been used as a medium for value transfer….The Bureau stated: “The Bureau has continued to monitor…the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payment messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect a settlement of those transfers.” This comes at a time when cryptocurrencies continue to face regulatory scrutiny….This has made Ripple labs to become one of the newest heavy hitters in the financial space.