Ripple 4 Hour Price Update
Updated July 06, 2020 01:35 AM GMT (09:35 PM EST)
Ripple came into the current 4 hour candle up 0.34% ($0.0006) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the previous 4 hours.
Ripple Daily Price Recap
The back and forth price flow continues for Ripple, which started today off at 0.1772 US dollars, down 0.51% ($0.0009) from the previous day. The change in price came along side change in volume that was up 0.6% from previous day, but down 16.61% from the Sunday of last week. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Let’s take a look at the daily price chart of Ripple.
Ripple Technical Analysis
Notably, the current price of Ripple is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ripple’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ripple:
- From BLOCKCHAINPHYS1:
Shit! $xrp algorithm changed big time. Now it’s a wet noodle. They making it seam as though it will only go down and never up. Hodl strong on this one. Everything will moon. When you hop over to some shiny object they will hit the switch and BOOOM! DONT MISS THE $XRP TRAIN
- From RobertArtRobArt:
VET bag up roughly 600%. REN was up 400%. If only I had sold all my XRP and gone all in with these two, I’d be retired. But no. I had to hold 70% of my portfolio in XRP…🙄
- From binance:
#BinanceFutures “Top Traders” positions on the daily time frame:$BTC Long 52.18%
$ETH Long 50.85%
$XRP Long 50.31%
$ZIL Long 51.26%
$LINK Long 51.58%
$ADA Long 50.38%
$KNC Short 51.88%
$COMP Short 50.37%”Top traders” are defined as the top 20% of traders by margin balance.
In terms of news links for Ripple here’s one to try:
Back in June, Ripple’s Asheesh Birla said that the company was shifting its emphasis towards SMEs. “We are continuing to focus on supporting low-value, high-frequency payments with ODL— though transaction volume may look different in this new world,” he said….3 Website 2 Website 1 Website 4.20 Website 4.93 Website 4.90 Website 4.03 Website 4.73 Website 4.60 Website Trending news July 5, 2020 July 5, 2020 July 5, 2020 July 5, 2020 CryptoGazetteFollow BREAKING NEWS: Kanye West announces that he’s running for president.