Ripple (XRP) Down $0.0009 Over Past 4 Hours, Breaks Below 50 Day Average; Price Base in Formation Over Past 90 Days

Ripple 4 Hour Price Update

Updated May 24, 2020 11:18 PM GMT (07:18 PM EST)

Ripple came into the current 4 hour candle down 0.46% ($0.0009) from the open of the previous 4 hours, marking the 4th candle in a row a decline has happened. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous 4 hours in terms of percentage price change.

Ripple Daily Price Recap

0.1989 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved down 0.65% ($0.0013) from the day prior. This move happened on lower volume, as yesterday’s volume was down 56.69% from the day before — and down 4.32% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Ripple crossed below its 50 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. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ripple’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ripple:

  • From xxmikecheckxx:

    Remember Brad Kimes’ video at Swell when he and Jason were clowning around with Joel Katz and one of them asked when will $XRP moon, and David got serious for a moment and actually said a date… Was it September 16? Let me know if anyone has that video please post below. 👍

  • From RuleXRP:

    Ok #xrpcommunity
    Let’s see how far we can stretch this tweet.
    I want to know where everyone is from. 🌏
    This community spans around the world and it is wonderful to be in a group that shares the same excitement.
    Go XRP!!!!
    👊😎
    I am from Buna, Texas USA (Southeast Texas)

  • From AndySpqr:

    The last time xrp community got excited by another project was when csc. Many people jumped on the price upswing and made huge losses when it started to correct. To this day most are still waiting for that increase to happen so they can get out of csc. Will xdce be the same?

For a longer news piece related to XRP that’s been generating discussion, check out:

Ripple joins Cross Border working group with SWIFT and Microsoft

As Ripple wants to help shape the future of cross-border payments, the company has joined another important consortium….Craig DeWitt announced on Twitter that he has joined the Faster Payments Council (FPC) as Ripple’s representative and will be a member of the Cross Border Working Group to help shape the development of cross-border transactions….Very excited to join the US Faster Payments Council’s Cross Border Working Group!