Ripple 4 Hour Price Update
Updated May 25, 2020 07:18 PM GMT (03:18 PM EST)
Ripple is up 0.93% ($0.0018) since the last 4 hour candle, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
Ripple closed the previous day down 3.07% ($0.0061); this denotes the 2nd day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 23.48% from the day before — and down 3.8% from the same day the week before. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous day. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple is now close to its 50 day moving averages, which may act as price barrier for the asset. 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. Also of note is that on the 14 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 15 them.
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 AndySpqr:
The last time xrp community got excited by another project was when csc. Many people jumped on the price upswing and made huge losses when it started to correct. To this day most are still waiting for that increase to happen so they can get out of csc. Will xdce be the same?
- From Thebabyaceman:
Someone said XRP will reach 13 million $$ each. XRP may be $10 soon, then possibly $100 fairly easy. But $1,000 XRP will be a long time coming. I HODL XRP and hope it does well for all our sake. I am losing money until XRP goes back up to 33¢. 33¢ XRP will make me smile again!
- From RobertArtRobArt:
1)Why roughly $0.06 XRP? Same formula I have been using for over 2 years now, explained:
$3.40 minus 70% = $1
$1 plus 70% = 1.70
$1.70 minus 60% = $.0.68
$0.68 plus 77% = $1.20
$1.20 minus 60% = $.048
$0.48 plus 96% = $0.94
$0.94 minus 73% = $0.25
$0.25 plus 160% = $0.65
In terms of news links for Ripple here’s one to try:
CEO of crypto exchange BTC Markets said that the company’s XRP remittance and trading volume is rising really quickly….“I think we’re averaging about a 5% week-on-week growth since January in terms of volume coming through our exchange on XRP….3 Website 2 Website 1 Website 4.20 Website 4.93 Website 4.55 Website 4.03 Website 4.73 Website 4.60 Website Trending news May 25, 2020 May 25, 2020 May 25, 2020 May 25, 2020 CryptoGazetteFollow Cryptocurrency and Blockchain News by writers for readers.