Ripple (XRP) Up $0.0006 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days

Fibo Quantum

Ripple 4 Hour Price Update

Updated June 25, 2020 01:37 AM GMT (09:37 PM EST)

Ripple came into the current 4 hour candle up 0.33% ($0.0006) from the open of the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ripple Daily Price Recap

Ripple came into today down 2.86% ($0.0054) from the open of the previous day, marking the 2nd day in a row a decrease has occurred. The price move occurred on volume that was up 50.85% from the day prior, but down 15.64% from the same day the week before. On a relative basis, the previous day was pretty good: Ripple bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ripple.

Ripple Technical Analysis

The first thing we should note is that the current price of Ripple is sitting close to its 100 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 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Ripple’s price has gone down 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From MXrp007:

    I went to dinner with a friend, I tried to explain to him about the use of XRP as a bridge currency & it’s use case to connect all avenues of payments & replace fiat currencyHe actually looked at me like I was a politicianThese people have no idea what’s going on in the world

  • From AndrewP47809396:

    Many of us surfed the XRP wave in ’17-’18, it was all fun in the sun. Then the tide went out and the water receded. We’ve stood on the beach scratching our heads for years. Aren’t you aware, that’s what happens before a Tsunami. Are you ready for the mega wave coming your way? 🌊

  • From katecrypto0:

    Hey everyone! My 6th #Giveaway. For $40! All you have to do is retweet, follow me, and tag 3 new friends in the comments. I will pick a random winner in 72 hours. Winner will receive $BTC. Good luck! #crypto $XLM $XRP $DGB $BCH $LTC $ADA $ETH $NEO $HC $ZIL $VET $TRX $LINK $ETC

In terms of news links for Ripple here’s one to try:

Ripple: Corona virus pushes adoption of XRP and digital payments

At the end of last year, the Bank of France concluded in a wide-ranging study that Ethereum (ETH) and Ripple (XRP) technologies could serve as the basis for a digital currency….A solution based on the Ethereum or Ripple Blockchain could enable end-to-end transactions using a tokenized central bank currency….The XUMM app, developed by XRP Labs under the leadership of Wietse Wind, was released earlier this year and offers all the features of traditional online banking.