Ripple 4 Hour Price Update
Updated August 12, 2020 03:20 PM GMT (11:20 AM EST)
Ripple came into the current 4 hour candle up 0.42% ($0.0012) from the open of the last 4 hour candle, marking the 3rd straight candle an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ripple Daily Price Recap
The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.283 US dollars, down 3.97% ($0.0117) since yesterday. The change in price came along side change in volume that was up 49.25% from previous day, but down 0.41% from the Tuesday of last week. Ripple outperformed all 5 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
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 19 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From sentosumosaba:
Re: @FlareNetworks, Spark will be claimable on Flare, Not #XRP and it’s not technically an airdrop. “We will release a very precise document on how to do that. It will not be very hard. But they will have to wait for a little bit.” More to follow in today’s video.
- From FlareNetworks:
There is no current date for the utility fork. It is in development. Both the fork and the snapshot that it is based on will be very well telegraphed ahead of time. There will be ample time and clear mechanisms for everyone that wants to participate to do so. #unlockingvalue #XRP
- From millionaire_xrp:
Why the hell would you care if #XRP dropped in price if you’re holding it as a long term investment and believe in it. Price means nothing at this point. This industry is just getting started, the fun days are ahead. Not too far ahead either.
As for a news story related to Ripple getting some buzz: