Ripple (XRP) Down $0 On 4 Hour Chart, Entered Today Up 3.14%; Crosses 50 Day Moving Average

Ripple 4 Hour Price Update

Updated May 23, 2020 01:35 AM GMT (09:35 PM EST)

0.2009 (USD) was the opening price of the four-hour candle for Ripple, resulting in the last 4 hour candle being one in which price moved down 0% ($0) from the last 4 hour candle. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the last 4 hour candle.

Ripple Daily Price Recap

Ripple’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 3.14% ($0.0061). This move happened on lower volume, as yesterday’s volume was down 7.62% from the day before — and down 7.57% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 3rd for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

First things first: Ripple crossed above its 50 day moving average yesterday. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard on Twitter

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

  • From XRPGIRLL:

    1/2 Dear #XRPCommunity I don’t where to begin with , I’ve been dealing with serious depression during this pandemic cause I lost my appartement , my job and almost everything . However I’m very proud of myself cause I got over it without selling a penny of my xrp bag

  • From AndySpqr:

    I’ve been asked by a couple of people to clarify my position as part of @SPQRMedia1 team if Im still bullish on xrp. I for one am 100% confident in the future of xrp. You don’t spend 2 years researching the hell out of it and not be. It is however always good to diversify. #xrp

  • From philosophyofmet:

    The new financial capital of the world will be digital and not a location. Hong Kong falls. London falls. New York falls. SWIFT falls. Power goes virtual. Digital USD built on XRP remains a hegemonic tool in this virtual world. XRP the bridge. China falls as a result.

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

Ripple’s XRP Granted with Approval for Money Transfers by U.S.

Ripple’s XRP has got approval for being used in cross-border money transfers from the U.S.Consumer Financial Protection Bureau….Ripple‘s XRP has received permission from America’s Consumer Financial Protection Bureau….The Bureau stated:  “The Bureau has continued to monitor…the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payment messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect a settlement of those transfers.” This comes at a time when cryptocurrencies continue to face regulatory scrutiny….Ripple has also brought a significant amount of public attention to; cryptocurrency projects….This has made Ripple labs to become one of the newest heavy hitters in the financial space.