Ripple 4 Hour Price Update
Updated June 29, 2020 11:20 PM GMT (07:20 PM EST)
Ripple closed the last 4 hour candle up 0.06% ($0.0001); this denotes the 4th candle in a row it has gone up. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
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 0.1769 US dollars, up 1.03% ($0.0018) since the day prior. The change in price came along side change in volume that was down 25.45% from previous day, but up 64.54% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ripple’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From XRPcryptowolf:
Don’t ever let people make you think you failed with your #XRP investment because it’ll be worth the wait one dayAn investment with an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can’t easily recognize that they are the same
- From XRPcryptowolf:
The freedom to fail is vital if you’re going to succeed. Successful people fail from time to time & it’s a measure of their strength that failure merely propels them into some new attempt at successAll your failures in life have lead you to #XRP so don’t waste this opportunity
- From SupremeXRP:
So I got my financial markets certificate and my boy who been hearing me talk about crypto sent me $500 to invest for him. He said “just buy it for me and you can show me how later but I wanna be in this revolution.” The power of a piece of paper 😂. He now has $XRP $VET $ICX 💪🏿
As for a news story related to Ripple getting some buzz:
According to a presentation published yesterday, SBI plans to establish the first cryptocurrency fund in Japan, which will consist of 50% XRP, 30% Bitcoin and 20% Ethereum….SBI Alternative Investments Co Ltd will establish and manage the crypto Fund….The announced crypto fund is apparently another proof of confidence of SBI Holding in Ripple and its technologies.