Ripple 4 Hour Price Update
Updated June 01, 2020 07:20 AM GMT (03:20 AM EST)
The choppiness in the recent four-hour candle price action of Ripple continues; to start the current 4 hour candle, it came in at a price of 0.2044 US dollars, down 0.2% ($0.0004) since the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous 4 hours in terms of percentage price change.
Ripple Daily Price Recap
Ripple entered today at $0.2024, down 2.22% ($0.0046) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 2.62% from the day prior, and up 13.26% from the same day the week before. Ripple outperformed all 5 assets in the Top Cryptos asset class since yesterday. The daily price chart of Ripple below illustrates.
Ripple Technical Analysis
The first thing we should note is that the current price of Ripple is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Also of note is that on a 14 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 5 out of the past 10 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 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.
- 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 🦉
As for a news story related to Ripple getting some buzz:
Towo Labs, a company founded in 2019 that focuses on developing the infrastructure for the XRP Ledger (XRPL) and Interledger protocol, has released the new XRP Toolkit V2….One of these projects is the development of a firmware for the ledger hardware wallets that…