Ripple 4 Hour Price Update
Updated September 15, 2020 11:19 PM GMT (07:19 PM EST)
Ripple closed the previous 4 hours down 0.57% ($0.0014); this denotes the 3rd candle in a row a decrease 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 choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.2457 US dollars, up 1.45% ($0.0035) since yesterday. The change in price came along side change in volume that was up 3.8% from previous day, but down 18.42% from the Monday of last week. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For another vantage point, consider that Ripple’s price has gone up 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 CloudPayid:
We think what Ripple has created is absolutely fantastic. And we started this company with a mindset to help the XRP movement along. We are not out to hurt people. We wish success to all of you. And if we are positive part of that process, then we have succeeded too. Cheers!
- From XRP_OWL:
I’m not of the opinion XRP will be anywhere near $1,000 USD in the next few years.I wouldn’t be surprised though, we’ve seen the relationships Ripple has developed and the problem XRP solves.If XRP goes to crazy high $ I’ll be happy & unfortunately unavailable for comment 😄
- From mrlevelup:
If its gonna do it , then it will be within 72 hours. XRP closing above 26 cent will confirm a reversal for me. Until then… all remains the same.DJI hasnt created a wick on base yet for weekly. It needs to go down to do that.Plenty of open gaps… BTC DJI XRP
As for a news story related to Ripple getting some buzz:
Mr. DeWitt reported that, since integration with the Payburner XRP storage and transactions instrument, 1,000 unique PayIDs have been issued so far….#PayID is now the most used way to originate @payburner payments vs #XRP address.