Ripple 4 Hour Price Update
Updated July 02, 2020 11:20 PM GMT (07:20 PM EST)
Ripple is up 0.57% ($0.001) since the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.1765 US dollars, up 0.74% ($0.0013) from the day prior. This move happened on lower volume, as yesterday’s volume was down 1.79% from the day before — and down 18.79% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th 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, the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From XRPMOONSHINE:
There is a 0% chance of me selling any #XRP before my price target is reached.No other Digital Asset has this type of Fundamentals, Use Cases and Utility.No other digital asset is backed by a company like @Ripple They will not shake me out.Retweet if you feel the same!
- From sentosumosaba:
We learned today about the Ripplenet transactions increase for HBN Bank, which SBI has a stake in, as well as an 8% share in Ripple Partner C. Bank Ceylon, Sri Lanka. When #XRP achieves liquidity in these corridors ODL Asia is going to be absolutely mind blowing @yoshitaka_kitao
- From kaboom12344:
For me a final shake out is not dropping the price to 10 cents. As most people will HODL and buy more. The shake out will be all coins rise 50% except XRP.
I can guarantee a lot will jump ship to chase them gains…. and then the switch will be flipped. Just my opinion.
For a longer news piece related to XRP that’s been generating discussion, check out:
Interest and demand in digital payment services is escalating, as people around the world increasingly require access to instant and reliable means of paying and transferring money….ODL eliminates the complex IOU infrastructure by allowing financial institutions to leverage the XRP ledger and digital assets as a means of instant settlement to avoid pre-funding.