Ripple 4 Hour Price Update
Updated September 16, 2020 11:19 PM GMT (07:19 PM EST)
0.248 (USD) was the opening price of the four-hour candle for Ripple, resulting in the previous 4 hours being one in which price moved up 1.68% ($0.0041) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Ripple bested all 5 of the assets in the Top Cryptos class 🙂
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 0.2433 US dollars, down 0.98% ($0.0024) since the previous day. The price move occurred on volume that was up 9.24% from the day prior, but down 18.16% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple is now close to its 20 and 100 day moving averages, which may act as price barrier for the asset. Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From Crypto_Bitlord:
I’m sad to announce but $XRP #Ripple is: 🚨 A CONFIRMED SCAM 🚨 After years of watching them dump on us and delivering nothing to the token but shit I’ve cracked the code.THEY DONT NEED $XRPIf you read this, dump it-I’m selling every last centFUCK BRAD AND FUCK RIPPLE
- From XRP_OWL:
I’m not of the opinion XRP will be anywhere near $1,000 USD in the next few years.I wouldn’t be surprised though, we’ve seen the relationships Ripple has developed and the problem XRP solves.If XRP goes to crazy high $ I’ll be happy & unfortunately unavailable for comment 😄
- From xrpreality:
Many bought #XRP at $3.80 around 3 years ago, now people waiting for 20c or 17c or 12c or even lower#XRP can have a fireworks in blink of an eye & you wont even have enough time to login & place buy-order. ⚠️ WARNING:
We are about to go parabolic at any moment.
As for a news story related to Ripple getting some buzz:
He also stated that Ripple intends to remove friction from international payments and make cash move around the world as easily as information does at present….Disclaimer: Any financial and market information given on U.Today is written for informational purpose only.