Ripple Price Recap
Ripple comes into today up 3.12% from the day prior, marking day in a row an increase has occurred. The change in price came along side change in volume that was up 9.92% from previous day, but down 62.27% from the Sunday of last week. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class. Below is a price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Ripple has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From Pentoshiswallet:
In march 2020 most people won’t be able to own a whole $xrp
- From XRPMichaelB:
Just had breakfast at a diner in Daytona BeachOverheard couple at table next to us talking BTCI asked if the Hodl $XRPAnswer:“No way we’d ever buy that bank shitcoin” If they only knew 😊🚀🚀
- From XRPGIRLL:
People asking me in dms when I think #xrp price will hit 1$ , 2$ … well like seriously ! I don’t know , I don’t think even 10$ per xrp is what we the #XRPCommunity are here for , correct me if I’m wrong , but aren’t we here for the moon 🤔 ?
As for a news story related to Ripple getting some buzz:
This move represents the increasing attempts by Ripple to establish itself as a key player in global finance….Also, XRP users are not Ripple customers….This move is the latest in a series by Ripple in its goal of becoming a key player in global finance….It now counts over three hundred banks as partners, and experienced over 500% growth in the fourth quarter of last year alone. What do you think about Ripple’s new fraud reporting procedure?