Ripple 4 Hour Price Update
Updated April 25, 2020 05:36 AM GMT (01:36 AM EST)
Ripple closed the last 4 hour candle down 0.1% ($0.0002); this denotes the 2nd candle in a row a decrease has occurred. Ripple outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Ripple Daily Price Recap
Ripple came into today up 0.31% ($0.0006) from the open of the previous day, marking the 4th day in a row an increase has occurred. The price move occurred on volume that was down 18.97% from the day prior, but up 0.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From MrVulgarXRP:
I bought XLM and 6 hours later I transferred it to XRP, I couldn’t do it. Having XLM felt like I’ve beating up a blind guy in a wheelchair….it felt wrong. I washed my hands and Sanitize them after the trade.
- From XummCommunity:
Hey #XummCommunity,I am looking for a few beta testers which are interested in issuing their own IOU on the XRP Ledger.You should:- be familiar with the XUMM app and the XRPL test net
– Have at least two accounts in XUMM (favorable test net active)Please DM if interested
- From WietseWind:
Hey @Bitstamp – is there a reason you are rejecting XRP withdrawals to unactivated accounts, even if the deposit >= the wallet activation threshold of 20 XRP? I’ve had a few #XUMM users report being unable to activate their new on ledger accounts with an “Invalid wallet” msg.
In terms of news links for Ripple here’s one to try:
Bitcoin is the first peer-to-peer digital currency, also known as cryptocurrency….He has described digital currencies as “highly risky.” Saying that they should not be characterized as currencies, Draghi has done what he can to alienate central banks and the ECB from crypto experimentation….The World Bank, for instance, has praised Ripple’s xRapid platform.