Ripple (XRP) Down $0.0017 On 4 Hour Chart, Started Today Down 0.65%; Price Base in Formation Over Past 90 Days

Ripple 4 Hour Price Update

Updated May 24, 2020 07:18 PM GMT (03:18 PM EST)

Ripple closed the previous 4 hours down 0.86% ($0.0017); this denotes the 3rd candle in a row it has gone down. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

Ripple Daily Price Recap

Ripple entered today at $0.1989, down 0.65% ($0.0013) from the day prior. This move happened on lower volume, as yesterday’s volume was down 56.69% from the day before — and down 4.32% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple crossed below its 50 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. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From BabaCugs:

    October 2019, I Said XRP Will MoonNovember 2019, I Said XRP Will Moon Southern FacingMay 2020, I Said XRP Will Moon Southern FacingYou’ve Had 8 Months
    To Learn & Enhance Your Comprehension Skills…
    Do You Get It Yet?Listen & I’ll Teach You How To Think & Use Your 🧠

  • From xxmikecheckxx:

    Remember Brad Kimes’ video at Swell when he and Jason were clowning around with Joel Katz and one of them asked when will $XRP moon, and David got serious for a moment and actually said a date… Was it September 16? Let me know if anyone has that video please post below. 👍

  • From RuleXRP:

    Ok #xrpcommunity
    Let’s see how far we can stretch this tweet.
    I want to know where everyone is from. 🌏
    This community spans around the world and it is wonderful to be in a group that shares the same excitement.
    Go XRP!!!!
    👊😎
    I am from Buna, Texas USA (Southeast Texas)

For a longer news piece related to XRP that’s been generating discussion, check out:

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!