Ripple 4 Hour Price Update
Updated September 10, 2020 03:19 PM GMT (11:19 AM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2456 US dollars, up 0.49% ($0.0012) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
0.2392 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 1.1% ($0.0026) from the previous day. This move happened on lower volume, as yesterday’s volume was down 15.49% from the day before — and down 54.19% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Coming into today the current price of Ripple is sitting close to its 100 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 90 day horizon; over that time period, price has been moving up. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 and 30 day timeframes. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Ripple’s price has gone up 15 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From XRP_OWL:
I know where this space ends up. I know what digital assets represent. I know Ripples tie ins to the system are real. I know XRP utility. I know what Internet of Value represents. I’ve seen the scramble of Gov’s/FI’s to remain relevant/I know they can’t do it alone.When Not If
- From joker_xrp:
You Don’t See Bill Gates Or Elon Musk Wearing Masks Do you? The World Elite’s Know That The Pandemic Is A Plan To Introduce 5G, AI & Quantum Banking To The World. The Majority Only Adapt To Change In Times Of Fear. The World Is Ready. Strap In. #XRPCommunity #xrparmy #Xrp🃏
- From Kevin_Cage_:
I don’t like the term XRP Army. It’s silly… I will never consider myself a member.I’m just another dude/community member.The best assets that win will win on a level playing field. I just think XRP is an OBVIOUS contender that should not be overlooked.Many will win.
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.