Ripple (XRP) Down $0.0018 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Down 3.74%

Ripple 4 Hour Price Update

Updated June 03, 2020 03:20 AM GMT (11:20 PM EST)

Ripple entered the current 4 hour candle at $0.2014, down 0.89% ($0.0018) from the previous 4 hours. 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

0.2032 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved down 3.74% ($0.0079) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 110.45% from the day prior, and up 35.89% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 2nd 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

The first thing we should note is that Ripple is now close to its 20, 50 and 100 day averages, located at 0.2, 0.2 and 0.2 respectively, and thus may be at a key juncture along those timeframes. 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 another vantage point, consider that Ripple’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

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

  • From vvorkingclass:

    @Assmcshit2 @XRP_Baghead @Inevitable_ET @PunishDem1776 @2runtherace @X22Report @prayingmedic The police are picking up an entire truck bed full of bricks and arranging a few of them carefully on the side of the truck bed. Why?Also, since when are police responsible for cleaning up individual bricks on a scale of an entire truck bed. They have municipal workers for that

  • From WhimsyPhones:

    @XRP_Baghead The article linked in the thread is very good at explaining WHY this method is structurally useful. Any second spent handling the bricks is a second spent by an individual not aiming at the human wall. It won’t work against horses, but it will provide a barrier and TIME.

  • From CokaGunplay86:

    @DylanLockhart7 @BostML @Cato_vdp @dannyday12000 @XRP_Baghead @jingyu52hz @Inevitable_ET @PunishDem1776 @2runtherace @X22Report @prayingmedic Nothing wrong with the LGBTQ+ community. This is not homophobic at all. It’s basically saying to the person stop sucking cops dicks and defending them and stop trying to hijack this. Show up for us how we show up and show out at Pride. K, thanks. Bye.

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

An Explanation of Ripple’s XRP Escrow | Ripple

The XRP Ledger supports a native multisign scheme and Ripple secured the accounts the escrows release into using this scheme….If the escrow is cancelled, it delivers the XRP back to the source account….Source and destination tags on the XRP Ledger provide a uniform and reliable way to support hosted accounts where an agent (such as an exchange) performs a transaction on behalf of its customer.