Ripple 4 Hour Price Update
Updated July 17, 2020 01:36 AM GMT (09:36 PM EST)
The choppiness in the recent four-hour candle price action of Ripple continues; to start the current 4 hour candle, it came in at a price of 0.1932 US dollars, up 0.94% ($0.0018) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
Ripple came into today down 1.42% ($0.0028) from the open of the previous day, marking the 2nd day in a row a decrease has occurred. The price move occurred on volume that was up 33.15% from the day prior, but down 56.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 100 day moving average yesterday. 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. For another vantage point, consider that Ripple’s price has gone down 6 of the previous 10 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 sentosumosaba:
Yes. “Everyday I’m on the hunt for ODL”. While some go off into other tangents of the space because they feel ______,I don’t waiver. Of course, I invest in many digital assets ~ always have done so & will always will do so. But my channel is #XRP Centric. That ~ you can count on.
- From CyPhlux:
#xrp is dead in the water. I’ve accumulated for over 3 years now and there are just way better projects out there. Hell even Doge pumped harder than this shit coin. I’m moving out of xrp and into #Tron 🤣 Just Kidding.
I’m not an idiot
Our Time Is Nigh
- From Arturo_P_A:
If Jed McCaleb is relying on the efforts of a third party (i.e. Ripple) with an expectation of profits derived from XRP appreciation, which are, in turn, used to fund the development of XLM, making XLM therefore somewhat reliant on the success of XRP, is XLM a security of Ripple?
As for a news story related to Ripple getting some buzz:
In the next 1 or 2 days more internal tests will be done before the new version 0.5.1 will be released next week….Last tests & fixes for a massive XUMM update….PayID will replace complex and long account numbers with simple short names, making it much easier to send and receive transactions….About usContact usLegalsData protection policy *= Affiliate-Link Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act.