Ripple 4 Hour Price Update
Updated June 02, 2020 03:20 AM GMT (11:20 PM EST)
The end of a 3 four-hour candle positive run has come for Ripple, which finished the last 4 hour candle down 0.47% ($0.001). Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the last 4 hour candle in terms of percentage price change.
Ripple Daily Price Recap
0.2111 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 4.3% ($0.0087) from the previous day. The change in price came along side change in volume that was up 47.78% from previous day, but down 30.02% from the Monday of last week. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous day. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
Coming into today Ripple is now close to its 50 and 200 day moving averages, which may act as price barrier for the asset. 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. For additional context, note that price has gone down 8 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ripple:
- From 2runtherace:
@XRP_Baghead Father, We ask that You rain down Your Spirit on this Country. We rebuke the spirits of fear, hate, division, murder, anarchy, & every other evil spirit & tell them to leave in Jesus Name. Father, heal our land. Restore what the enemy has destroyed. Bring good out of this evil.
- From XRP_OWL:
Just a heads up @amtvmedia is welcome into this community. That being said we in the #XRPcommunity that have been here for the past few years already know and have known what he’s saying to be true😉He’s 100% correct #XRP plays a role in the new systemThis isn’t news 🦉
- From CAlexBRock:
@DadRadkyle @amber_xrp @AmyBirenbaum @ElijahSchaffer @MrAndyNgo Imagine saying “this is inaccurate” then being proven wrong and then go “well it’s different because they are poor” Shit take dude.Each individual is responsible for his or her own actions. It does not matter your situation it only matters what you choose to do in it.
For a longer news piece related to XRP that’s been generating discussion, check out:
In December 2017, Ripple created 55 escrows, 1 billion XRP each….Every month, one of these 1 billion escrows would expire, returning the 1 billion XRP to Ripple….When Ripple first escrowed the 55 billion XRP, it used 11 different wallets, each holding 5 billion XRP in escrows.