Ripple 4 Hour Price Update
Updated April 08, 2020 05:35 AM GMT (01:35 AM EST)
Ripple is up 2.95% ($0.0057) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle negative run. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Ripple Daily Price Recap
0.1929 (USD) was the opening price of the day for Ripple, resulting in the day prior being one in which price moved down 2.82% ($0.0056) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 17.85% from the day prior, and up 59.76% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Ripple.
Ripple Technical Analysis
Coming into today Ripple is now close to its 50 day moving averages, which may act as price barrier for the asset. 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 19 them.
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