Ripple (XRP) Down $0.0015 On 4 Hour Chart, Entered Today Down 3.06%; Crosses 20 Day Moving Average

Ripple 4 Hour Price Update

Updated April 16, 2020 07:18 PM GMT (03:18 PM EST)

Ripple’s 3 four-hour candle positive has officially concluded, as the candle from the last 4 hour candle closed down 0.79% ($0.0015). Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ripple Daily Price Recap

Ripple came into today down 3.06% ($0.0057) from the open of yesterday, marking the 3rd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 31.18% from the day prior, and up 0.74% from the same day the week before. Ripple outperformed all 5 assets in the Top Cryptos asset class since yesterday. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

First things first: Ripple crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ripple’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From joker_xrp:

    All Your Life You Have Been Waiting For An Opportunity Like This. 1% Of Our Community Invested Because They See The True Driving Force Behind @Ripple & #XRP. This Is Like No Other investment My Friends. This Is THE ONE. Time Is Nothing But An Illusion, Bask & HODL #XRP #DLT🃏

  • From RobertArtRobArt:

    I believe telecom companies will buy XRP in bulk and hoard it, while using it for cross border transactions as they charge you a monthly fee. Like a free SMS from a service provider that runs on XRP. Central banks are already issuing banking licenses to telecom companies.#XRP

  • From sentosumosaba:

    There is a serious push to go “all things digital”, which in turn will accelerate the need for speed, accuracy and reduced costs, bringing further importance to the use of Ripplenet and the digital asset #XRP.

As for a news story related to Ripple getting some buzz:

MoneyMatch and Kuwait Financial House prefer Ripple to SWIFT

To address this issue, MoneyMatch has partnered with Ripple to offer low-cost cross-border payments to over 120 countries worldwide….By working with Ripple, MoneyMatch can process transactions in a matter of hours and save 40% compared to traditional systems such as SWIFT….About usContact usLegalsData protection policy *= Affiliate-Link Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act.