Ripple 4 Hour Price Update
Updated March 31, 2020 05:35 AM GMT (01:35 AM 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 0.1718 US dollars, up 0.12% ($0.0002) since the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
0.1716 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 5.47% ($0.0089) from the previous day. The change in price came along side change in volume that was up 38.03% from previous day, but down 13.38% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, Ripple crossed above its 20 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. 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 additional context, note that price has gone up 9 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 TheCryptoCandy:
$10 in $XRP to someone who retweets this within 60 minutes. Good luck to everyone! 💙
- From HamEggsnSam:
In about a day, a billion XRP will be released from escrow, and ignorant XRP haters will tweet about XRP dumping, it’s a shitcoin, and so on.Then most if not all of that XRP will be returned to escrow. Happens every month for years now.When you see it – tweet this in reply.
- From crypto_rand:
@TheCryptoDog Buy XRP to become millionaire.
As for a news story related to Ripple getting some buzz:
A new job posting now suggests that Ripple is working on the development of a new trading platform based on the XRP Ledger that uses ODL….Ripple is looking for an Engineering Manager for On Demand Liquidity, who as a system architect will link ODL with a new trading platform….The magic really comes from pairing MoneyGram transactions with Ripple’s ODL.