Ripple (XRP) Up $0.0022 in Last 4 Hours, 2 Day Up Streak Ended; Crosses 20, 50 and 100 Day Moving Averages

Ripple 4 Hour Price Update

Updated May 30, 2020 11:19 PM GMT (07:19 PM EST)

Ripple came into the current 4 hour candle up 1.07% ($0.0022) from the open of the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous 4 hours in terms of percentage price change.

Ripple Daily Price Recap

The back and forth price flow continues for Ripple, which started today off at 0.1975 US dollars, down 1.4% ($0.0028) from the day prior. This move happened on lower volume, as yesterday’s volume was down 6.47% from the day before — and down 14.93% 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

Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 20, 50 and 100 day moving averages 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. The clearest trend exists on the 30 day timeframe, which shows price moving down 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

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_:

    I know I haven’t been on the content at all this year. Just know that I’m venturing into many new things and getting decent success. Got burnt out doing youtube everyday I still 100% believe in #XRP, and I can’t wait for that special day, but I want to do other stuff until then

  • From XRPcryptowolf:

    Some people in the #XRPCommunity have been doubting #XRP lately because of the price but just remember that the greatest rewards in life take the longest time to happenIt’s ok to diversify your #Crypto investments while you also wait on $XRP so always do what’s best for you

  • From XRP_OWL:

    🦉I’ll be restarting Patreon soon with actual research for XRP and other digital assetsIt’s not an “insider group”. I don’t care if you like it or not. I’ve spent 3-4 hours a day or more researching for the past 3 years.More YouTube soon tooTwitter will still be free

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

Ripple, Bill Gates and Google develop payment app

Although there are mobile money services in more than 100 countries around the world that enable people to send and receive money, more than 1.7 billion people do not have access to digital financial services, according to current World Bank figures….The goal is to bring together banks, technology companies, digital financial service providers, government and regulatory agencies and other institutions in emerging markets to provide access to financial services for everyone….Kosta Peric, newly appointed chairman of the Mojaloop Foundation, describes that all people worldwide have the right to access financial services: Our vision of universal financial inclusion is a world where everyone, everywhere, can access and use the digital financial services they need to build economic security and resilience.