Ripple 4 Hour Price Update
Updated March 22, 2020 05:35 AM GMT (01:35 AM EST)
Ripple closed the previous 4 hours up 0.57% ($0.0009); this denotes the 2nd candle in a row an increase has occurred. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Ripple Daily Price Recap
0.1582 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved up 0.89% ($0.0014) from the day prior. The change in price came along side change in volume that was down 48.67% from previous day, but up 9.45% from the Saturday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on a 90 day basis 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 16 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 davidgokhshtein:
Where’s the $XRP gang at?
- From RobertArtRobArt:
I love XRP and I understand I’m hurting my friends’ feelings when I say I believe it’ll strike $0.05 and perhaps lower before XRP moons hard. I’m only expressing my opinion, friends, I’m not out to hurt anyone. Let’s respect each other’s opinion.🤗🙏🎩🏌🏻
- From UVtho:
Vechain announced it will continue the buyback, assuming it is $20M. Without an end date (not sure). That’s 7.26 BILLION $VET that would be bought from the open market. That’s 8,44% of #Vechain’s TOTAL supply that will be burned. Extremely bullish 👀🔥SHARE 🔁$BTC $XRP
For a longer news piece related to XRP that’s been generating discussion, check out:
Ripple price bullish action on Thursday was just but the beginning of an extended recovery with the bullseye at $0.25….However, widespread bullish pressure on Thursday saw the bulls take on the resistance at $0.15 and $0.16.