Ripple (XRP) Up $0.0042 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Started Today Up 5.01%

Ripple 4 Hour Price Update

Updated September 02, 2020 07:19 PM GMT (03:19 PM EST)

Ripple’s 3 four-hour candle negative streak has officially concluded, as the candle from the last 4 hour candle closed up 1.55% ($0.0042). Ripple outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ripple Daily Price Recap

0.2955 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved up 5.01% ($0.0141) from the day prior. As for how volume fared, yesterday’s volume was up 23.05% from the previous day (Monday), and up 15.56% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.

XRP

Ripple Technical Analysis

First things first: Ripple crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone up 16 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 BambooXRP:

    I don’t care if you hate #XRP but the txn fees for #BTC and #ETH is a joke and everything crypto should stand against. What’s the point of bringing power to the people if it costs an arm and a leg to move around, you want to see the banks really win? This is how.

  • 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.