Ripple 4 Hour Price Update
Updated September 13, 2020 11:19 PM GMT (07:19 PM EST)
Ripple’s 4 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 0.5% ($0.0012). On a relative basis, the previous 4 hours were pretty good: Ripple bested all 5 of the assets in the Top Cryptos class 🙂
Ripple Daily Price Recap
0.2476 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved up 2.02% ($0.0049) from the day prior. This move happened on lower volume, as yesterday’s volume was down 28.76% from the day before — and down 64.29% 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. Below is a daily price chart of Ripple.
Ripple Technical Analysis
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 up 16 of the previous 30 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 ben_gravis:
$zap @ZapProtocol is a boss! Did a +90% move in 3 days. Feeling sorry for the people that sold when I charted for 2 days the bounce was coming. Hope y’all listened & scaled in like I did. Still waiting for my targets to hit. Between 0.13 & 0.16. $zap $xrp $csc $trb $link ⚡️⚡️⚡️
- From amtvmedia:
$XRP is an amazing technology that empowers billions of unbanked worldwide. You can’t send PayPal to Sri Lanka (I’ve tried) but you can send XRP almost costlessly and instantaneously. This is just radical @Ripple 🚀🚀🚀🚀🚨😉
- From XrpSpark:
If you believe crypto is the future of money, XRP WILL be the global base currency. It’s not a matter of if, but when. Economically it’s inevitable that XRP becomes not only the number one crypto, but the number one reserve currency. IE, THE go-to base currency of the planet.
As for a news story related to Ripple getting some buzz:
In that sense, the mentioned financial institutions joined forces so that Fnality could offer the banks the mentioned solution, the Utility Settlement Coin….#XRP https://t.co/eJF5ji5nqH — Cory Johnson (@CoryTV) September 9, 2020 As Ripple’s former Head of Marketing Strategy, Johnson is familiar with the company’s potential to be an intermediary in cross-border transactions….Ripple’s relationship with banking institutions around the world has been the subject of speculation in the past, although there is still no cooperation that could change the status quo of the current financial system.