Ripple 4 Hour Price Update
Updated May 31, 2020 03:19 AM GMT (11:19 PM EST)
The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.2048 US dollars, down 1.06% ($0.0022) from the previous 4 hours. 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
The back and forth price flow continues for Ripple, which started today off at 0.207 US dollars, up 4.81% ($0.0095) from yesterday. This move happened on lower volume, as yesterday’s volume was down 57.29% from the day before — and down 16.09% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since yesterday in terms of percentage price change. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
First things first: Ripple crossed above its 20, 50 and 100 day moving averages 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
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 AlexCobb_:
I know I haven’t been on the content at all this year. Just know that I’m venturing into many new things and getting decent success. Got burnt out doing youtube everyday I still 100% believe in #XRP, and I can’t wait for that special day, but I want to do other stuff until then
- From XRPcryptowolf:
Some people in the #XRPCommunity have been doubting #XRP lately because of the price but just remember that the greatest rewards in life take the longest time to happenIt’s ok to diversify your #Crypto investments while you also wait on $XRP so always do what’s best for you
- From XRP_OWL:
🦉I’ll be restarting Patreon soon with actual research for XRP and other digital assetsIt’s not an “insider group”. I don’t care if you like it or not. I’ve spent 3-4 hours a day or more researching for the past 3 years.More YouTube soon tooTwitter will still be free
As for a news story related to Ripple getting some buzz:
Although there are mobile money services in more than 100 countries around the world that enable people to send and receive money, more than 1.7 billion people do not have access to digital financial services, according to current World Bank figures….The goal is to bring together banks, technology companies, digital financial service providers, government and regulatory agencies and other institutions in emerging markets to provide access to financial services for everyone….Kosta Peric, newly appointed chairman of the Mojaloop Foundation, describes that all people worldwide have the right to access financial services: Our vision of universal financial inclusion is a world where everyone, everywhere, can access and use the digital financial services they need to build economic security and resilience.