Ripple 4 Hour Price Update
Updated September 12, 2020 07:18 PM GMT (03:18 PM EST)
Ripple came into the current 4 hour candle up 1.86% ($0.0045) from the open of the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
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 0.2427 US dollars, down 0.21% ($0.0005) since the day prior. This move happened on lower volume, as yesterday’s volume was down 27.58% from the day before — and down 42.67% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple is now close to its 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From roginjohnxxx03:
🚨 $5 Giveaway 🚨• Follow me & @CryptaceGives ✅
• Tag 3 friends below 🏷️
• Like and Retweet this if done ❤️♻️Ends after 24 hours ⏳Can be paid via GCash , #ETH , #XRP or #TRX Join also on my $35 giveaway ( Pinned Tweet )
- From CryptoWhale:
To be clear, I’ve never recommended people to buy $XRP up here.The last time I said to buy was in March 2020 after the big crash.I’m predicting a correction across all major cryptocurrencies including XRP and BTC. I will share when I think we’ve bottomed out.
- From CryptoWhale:
People often hate on $XRP because it hasn’t “moved up for 2.5 years”1. This time range is so tiny in the investment world. Be patient.2. XRP is up more than 10,000% since 2014. 3. Has steadily held its position as top 5 coin for several years.
As for a news story related to Ripple getting some buzz:
In another tweet, the analyst also pointed out the importance of Ripple’s compliance with ISO20022 for standardized payments….As CNF reported, Ripple was the first DLT-oriented company to join the ISO 20022 standards committee for cross-border payments in May….The solution for this is the ISO2022 compliant RippleNet: Our philosophy is to provide each bank and payment provider with a real-time connection to a global network called RippleNet that rigorously adheres to the ISO2022 standard, enabling these organizations to send and receive payments on behalf of their customers, between each other immediately, with finality and transparently—regardless of the amount of money being sent or the currencies that is needs to be sent from and to.