Ripple 4 Hour Price Update
Updated June 07, 2020 11:19 PM GMT (07:19 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2032 US dollars, down 0% ($0) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.2037 US dollars, up 0.54% ($0.0011) from the previous day. This move happened on lower volume, as yesterday’s volume was down 63.84% from the day before — and down 27.18% 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. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ripple’s price has gone up 8 of the previous 14 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 lordvendettaxrp:
People risking their lives for crumbs, going to jail for crumbs and doing bad things for crumbs. But when I tell them to invest in $XRP, it will gives you everything you ever wanted in your life. Just invest, learn and be patient. they tell me: i’m afraid of losing my money 🤦🏻♂️🤦🏻♂️
- From JoelKatz:
@tylerwinklevoss That’s quite a leap there. I’d like to hear you flesh out how exactly you get from “SEC has jurisdiction over market manipulation by a crypto exchange that lists lots of low-cap coins but not XRP” to “Ripple is a security”.
- From galgitron:
For those of you relatively new to the XRP space. Western Union already trialed ODL (was xRapid at the time) some time back and decided not to use it. They don’t need to purchase MoneyGram to have RippleNet if they changed their minds.
As for a news story related to Ripple getting some buzz:
Already in May of this year, the CFPB honored Ripple, emphasizing the potential of the digital asset XRP: A few days ago the Ripple Community voted on a new feature that will activate the XRP Ledger with a narrow majority….About usContact usLegalsData protection policy *= Affiliate-Link Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and…