Ripple 4 Hour Price Update
Updated March 27, 2020 07:18 AM GMT (03:18 AM EST)
Ripple’s 5 four-hour candle positive has officially concluded, as the candle from the last 4 hour candle closed down 2.37% ($0.0042). 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
Ripple entered today at 0.1767 in US dollars, up 9.01% ($0.0146) from the day prior. The change in price came along side change in volume that was up 22.53% from previous day, but down 14.32% from the Thursday of last week. Ripple outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Here is a daily price chart of Ripple.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed above its 20 day moving average yesterday. 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. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 7 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From galgitron:
I can see the low price of XRP starting to erode confidence in Ripple’s use case. It’s easy to see failure where there is none. You’re allowing your disappointment in your investment to cloud your judgement. Try to keep in focus that all coins are hurting, and that nothing..
- From RobertArtRobArt:
Breaking! XRP tests positive for a global reserve currency.#xrp
- From TheCryptoCandy:
I aways feel like I don’t have enough $XRP
For a longer news piece related to XRP that’s been generating discussion, check out:
XRP Prediction 2020 – the new low was close to $0.1574 and the price of the token is currently moving higher….XRP Price Prediction 2020 – early resistance on the upside is close to the $0.1625 level.