Ripple (XRP) Down $0.0006 Over Past 4 Hours, Entered Today Up 3.14%; Price Base in Formation Over Past 90 Days

Ripple 4 Hour Price Update

Updated May 23, 2020 07:18 PM GMT (03:18 PM EST)

0.1995 (USD) was the opening price of the four-hour candle for Ripple, resulting in the previous 4 hours being one in which price moved down 0.3% ($0.0006) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous 4 hours in terms of percentage price change.

Ripple Daily Price Recap

Ripple is up 3.14% ($0.0061) since the day prior, marking a reversal from the day prior — and the end of a 3 day negative run. This move happened on lower volume, as yesterday’s volume was down 7.62% from the day before — and down 7.57% 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 day prior. Below 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 50 day moving average yesterday. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 17 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From AndySpqr:

    I’ve been asked by a couple of people to clarify my position as part of @SPQRMedia1 team if Im still bullish on xrp. I for one am 100% confident in the future of xrp. You don’t spend 2 years researching the hell out of it and not be. It is however always good to diversify. #xrp

  • From philosophyofmet:

    The new financial capital of the world will be digital and not a location. Hong Kong falls. London falls. New York falls. SWIFT falls. Power goes virtual. Digital USD built on XRP remains a hegemonic tool in this virtual world. XRP the bridge. China falls as a result.

  • From RobertArtRobArt:

    XRP community has given enough money to @Ripple. They really need to step it up and work on XRP adoption. Get the regulatory green light and start engaging institutions thrice as hard. It’s been 8 years. In that time, Samsung and Apple destroyed Motorola and Nokia.#XRP

In terms of news links for Ripple here’s one to try:

Ripple joins Cross Border working group with SWIFT and Microsoft

As Ripple wants to help shape the future of cross-border payments, the company has joined another important consortium….Craig DeWitt announced on Twitter that he has joined the Faster Payments Council (FPC) as Ripple’s representative and will be a member of the Cross Border Working Group to help shape the development of cross-border transactions….Very excited to join the US Faster Payments Council’s Cross Border Working Group!