Ripple 4 Hour Price Update
Updated May 19, 2020 03:18 PM GMT (11:18 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 0.2039 US dollars, down 0.44% ($0.0009) since the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
Ripple is up 2.04% ($0.0041) since yesterday, marking the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 154.53% from previous day, but down 19.05% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since yesterday 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, 50 and 100 day averages, located at 0.21, 0.2 and 0.21 respectively, and thus may be at a key juncture along those timeframes. Or to view things another way, note that out of the past 10 days Ripple’s price has gone up 6 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 BabaCugs:
Fact.XRP crash is a good thingIt amazes me when I see so many in CT confusedXRP can go to sub penny.. my confidence doesn’t changeThe prices are fixed. The dates are setEverything they told you is truePrice does not matterEnjoy the show 🙂
- From CredibleCrypto:
The $XRP video is uploading! I address the following FUD around $XRP:
1. Ripple “dumping” + escrow
2. “No demand” for $XRP
3. No one is “using” $XRP
4. Jed “dumping” $XRP
5. XRP is “centralized”!
6. JPM Coin, Libra, etc the XRP “killers”
7. Ripple can delete accounts on the XRPL!
- From RobertArtRobArt:
I seem like the crazy person – again, but I await with 30% of my bag. I’ll either make much more XRP or miss out on the pump. I know. I embrace the risk. Kindly make up your mind. So far now, you’ve only profited from my calls. FOMO if you must or wait. Just don’t blame it on me.
As for a news story related to Ripple getting some buzz:
According to the Consumer Financial Protection Bureau (CFPB), XRP’s “continued growth and partnerships” points to its potential for broader cross border payments as well as the remittances sector….SBI Holdings, one of the largest financial players in Japan, plans to have Ripple’s payment and settlement system integrated with Japanese ATMs. XRP rallied over the weekend to trade above $0.205, but has retracted over the past 24 hours.