Ripple 4 Hour Price Update

Updated July 26, 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 0.2149 US dollars, down 0.83% ($0.0018) since the previous 4 hours. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.

Ripple Daily Price Recap

0.2149 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved up 5.19% ($0.0106) from the day prior. As for how volume fared, yesterday’s volume was up 22.59% from the previous day (Friday), and up 42.6% from Saturday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple crossed above its 200 day moving average yesterday. Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 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 AndrewP47809396:

    My wife has trusted me so implicitly on our XRP investment that we rarely speak of it. I told her yesterday about the news and said “we gonna be rich, we got lots of XRP.” She then asked “wait, how much of our money have you invested in XRP?”…GULP 😬

  • From ShakoDoggo:

    Hey @bgarlinghouse @JoelKatz, let’s make a deal. Moon #XRP to $1500+ straight so none of other people can get in. I have friends asking me where and how to buy XRP and I won’t tell them for the 654th time. Moon this shit already damnit, we don’t need more millionaires

  • From britishgirlxrp:

    After almost a year of stopping buying XRP – I am scooping ups bags and bags of XRP after the ‘banks can custody / hold crypto’ news. NO crypto is in a better position than XRP after this news…Timebomb

In terms of news links for Ripple here’s one to try:

94 Banking Stores Now Helping SBI Remit to Perfect Payment using Ripple Tech. – NewsLogical

SBI Remit has partnered Michinoku Banks….Interestingly; the bank’s 94 stores are going to be helping SBI Remit in perfecting remittance through Ripple technology….Already, SBI Remit makes use of MoneyGram’s remittance service, another initiative making use of Ripple’s ODL for payment into Mexico and some other countries….Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

(Excerpt) Read more Here | 2020-07-25 18:37:00
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