Ripple 4 Hour Price Update
Updated September 14, 2020 11:19 PM GMT (07:19 PM EST)
Ripple is down 0.37% ($0.0009) since the last 4 hour candle, marking the 2nd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
Ripple entered today at $0.2422, down 2.18% ($0.0054) from the previous day. The change in price came along side change in volume that was up 42.59% from previous day, but down 32.92% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 100 day averages, located at 0.23 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From CloudPayid:
We think what Ripple has created is absolutely fantastic. And we started this company with a mindset to help the XRP movement along. We are not out to hurt people. We wish success to all of you. And if we are positive part of that process, then we have succeeded too. Cheers!
- From XrpSpark:
Let’s be realistic. An entire world running on bitcoin would require 3x the current energy usage of the entire planet and be 16x as expensive as fiat to settle. Thankfully, there’s XRP. The One Global Base Currency. At $10,000 USD/XRP it would cost 10 cents to sent $1,000,000 USD
- From XrpSpark:
If you believe crypto is the future of money, XRP WILL be the global base currency. It’s not a matter of if, but when. Economically it’s inevitable that XRP becomes not only the number one crypto, but the number one reserve currency. IE, THE go-to base currency of the planet.
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.