Ripple 4 Hour Price Update
Updated March 23, 2020 11:20 PM GMT (07:20 PM EST)
Ripple came into the current 4 hour candle up 1.21% ($0.0019) from the open of the previous 4 hours, marking the 3rd candle in a row it has gone up. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous 4 hours.
Ripple Daily Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it comes in at a price of 0.1478 US dollars, down 6.57% ($0.0104) since the previous day. This move happened on lower volume, as yesterday’s volume was down 11.89% from the day before — and down 17.93% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.
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 14 days Ripple’s price has gone up 8 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From XrpMr:
Why isn’t anyone on TV calling for emergency Regs so banks can FREE UP their 5 – 27 TRILLION in Nostro $ & offer the world inexpensive money transfers? Banks certainly need $ & people need fast, cheap & dependable money transfers right now!@RepDarrenSoto #XRP @Ripple
- From thetradingwizrd:
I’m hoping this to be the final $BTC push to $5,000 – $4,600. $XRP – $0.1400 – $0.1300.Upon fulfilling this correction/movement what I hope to be from then onwards is the beginning stages of a total turnaround of the cryptocurrency market.Play close attention to XRP.
- From TorayKortan:
$XRP may very well fall lower, it may very well instantly explode to the upside.We do not know, but the chances you take in those moments of preparation can make or break you.All I know is… the reward far outweighs the risk. The biggest risk is not taking the risk.
In terms of news links for Ripple here’s one to try:
Njui | March 22, 2020 Micah C….Miracle | March 20, 2020 Micah C….According to a press release, DeeMoney uses Ripple’s payment messaging system that’s designed to be a faster version of SWIFT.