Ripple 4 Hour Price Update
Updated September 01, 2020 07:20 PM GMT (03:20 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2918 US dollars, down 0.95% ($0.0028) from the last 4 hour candle. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Ripple Daily Price Recap
Ripple is down 0.6% ($0.0017) since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 21.51% from the day prior, and up 5.35% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 14 and 30 day timeframes. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Ripple’s price has gone up 15 of the previous 30 trading 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 RyanSAdams:
You think it’s crazy that YFI is $1b?Here’s the thing:I understand why YFI is worth $1bBut…I have no idea why IOTA is worth $1bI have no idea why LTC is worth $4bI have no idea why XRP is worth $9bYFI is one of the least crazy market caps on the board
- From TylerSCrypto:
I know a lot of you may not be fans – but what do we think of $XRP?It has not been performing well for quite a while now, but my gut tells me that the XRP is overdue for a big moveAlso: the XRP crowd on YouTube is unlike any i’ve seen. Every video gets INSANE views.. 🤔🤔
- From CamelXRP:
Lots of talk about #XRP replacing SWIFT on the 1st Sept and shooting to $50. Think about it, would SBI start CFD trading with #XRP on the 1st if that’s true? I’m wanting XRP to go up after nearly 3years holding but let’s be realistic or we will be disappointed (again).✌️
As for a news story related to Ripple getting some buzz:
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.