Ripple (XRP) Down 2.29%

Ripple Price Recap

The back and forth price flow continues for Ripple, which starts today off at 0.2342 US dollars, down 2.29% from the previous day. The change in price came along side change in volume that was up 4.35% from previous day, but down 38.78% from the Tuesday of last week. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of day-over-day price change. Here is a price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple is now close to its 100 day averages, located at 0.23 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 14 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 AlexCobb_:

    New Ripple FUD headlines”Ripple would not be profitable without selling XRP”Uhhh Well, they paused XRP market sales for a full quarter so that makes no senseAlso, this is literally NOT what Brad Garlinghouse said

  • From TheCryptoCandy:

    #XRP $XRP will rise faster than you can solve the Binance puzzle to market buy.

  • From 1CrypticPoet:

    Retweet if you’re still bullish on #XRP‼️💪

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

Ripple Would Be Unprofitable Without XRP Sales, CEO Admits

In an interview with the Financial Times published on Friday, Ripple’s CEO Brad Garlinghouse was pressed on Ripple’s financial situation and revenue sources, but appeared hesitant to give clear answers with regards to XRPs role in funding Ripple’s operations….If you took away all our XRP, that makes us less profitable.