Ripple 4 Hour Price Update
Updated September 23, 2020 11:20 PM GMT (07:20 PM EST)
Ripple is down 1.72% ($0.0039) since the last 4 hour candle, marking the 3rd consecutive candle a decrease has occurred. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.2331 US dollars, up 0.95% ($0.0022) from the previous day. The change in price came along side change in volume that was down 24.82% from previous day, but up 1.19% from the Tuesday of last week. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous day. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, Ripple is now close to its 20 and 100 day averages, located at 0.24 and 0.24 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 30 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
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From Kevin_Cage_:
I watched Sam’s Debate with Bitlord… My opinions on XRP have not changed. If anything, I’m more confident Lol. Every FUD Point named, you can addressThere is a thing called Net Overlap as demand increases & volume increasesIdc if people don’t believe in XRP lol. I do.
- From THEXRPBULLY:
If you’re new to XRP: Buy as much as you can TODAY! Not much time left before price increase!
If you HODL: Great job, I’m proud of you!!!
If you are a hater: Have a fun time earthling, but I’ll be on the moon 😉 #xrp #crypto
- From philosophyofmet:
Some of you probably know more than me bc I haven’t followed stable coin close, but OCC clarification on stable coins today & Payments Canada reference last year that XRP was a stable coin, could mean XRP is given stable coin status at a set price in relations to USD. Thoughts?🤔
As for a news story related to Ripple getting some buzz:
After the news was supposedly unintentionally revealed by Marcus Treacher in November 2019, Ripple‘s Managing Director of MENA, Navin Gupta, has now officially confirmed at this year’s Swell MENA conference that India’s largest bank, HDFC Bank Limited, has joined RippleNet….HDFC Bank is the largest private sector lender in India by assets and the largest bank in India by market capitalization….However, as Navin Gupta announced on 12 August at the end of this year’s Swell MENA conference, HDFC Bank has joined the RippleNet….I’m pleasesd to announce that HDFC Bank, largest private sector bank in India has joined RippleNet.