Ripple 4 Hour Price Update
Updated May 10, 2020 07:18 PM GMT (03:18 PM EST)
Ripple closed the last 4 hour candle down 1.18% ($0.0023); this denotes the 3rd candle in a row a decline has happened. 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
0.2165 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved down 1.05% ($0.0023) from the day prior. The price move occurred on volume that was down 28.82% from the day prior, but up 23.31% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the day prior in terms of percentage price change. Here is a daily price chart of Ripple.
Ripple Technical Analysis
The first thing we should note is that Ripple is now close to its 20, 100 and 200 day averages, located at 0.21, 0.22 and 0.23 respectively, and thus may be at a key juncture along those timeframes. 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. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 16 them.
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 xrp_stuart:
XRP has the most potential. XRP has best team Ripple pushing XRP into the largest trillion dollar+ markets in the world.XRP actually has a real utility being used today.XRP price performance last few years have been absolutely pathetic for some investors. Being Rekt is not fun.☹️
- From cryptosommelier:
🎖 $1,200.00.
You have the choice of 4 projects to invest in. What would you buy? Retweet / Follow for a chance to win $10 worth of #Bitcoin Address in comments.
Poll lasts 7 days, good luck.Research materials are in then comments of each project.
$Icx $Xrp $Bolt - From CyPhlux:
I’ll say this yet again.. You need to mentally prepare yourself to hold for 5 to 10 years. I see #XRP’s potential. But I also see the time it takes. People expect miles when we have been fighting for inches. We are still using 60 year old tech… and you expect change tomorrow?
In terms of news links for Ripple here’s one to try:
SBI to Consolidate Japanese ATMs Using Ripple Powered MoneyTap
However, the Ripple SBI partnership extends far deeper than SBI Remit….SBI plans to further MoneyTap adoption by using MoneyTap’s settlement system to consolidate ATMs in Japan.
