Ripple 4 Hour Price Update

Updated June 14, 2020 11:20 AM GMT (07:20 AM EST)

0.192 (USD) was the opening price of the four-hour candle for Ripple, resulting in the last 4 hour candle being one in which price moved up 0.52% ($0.001) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ripple Daily Price Recap

The back and forth price flow continues for Ripple, which started today off at 0.1924 US dollars, down 0.36% ($0.0007) from yesterday. This move happened on lower volume, as yesterday’s volume was down 48.98% from the day before — and down 4.25% from the same day the week before. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Let’s take a look at the daily price chart of Ripple.

Ripple Technical Analysis

The first thing we should note is that the current price of Ripple is sitting close to its 20 and 100 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 14 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Ripple’s price has gone up 15 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

• From joker_xrp:
  

  No Other Crypto Can Settle In 2-4 Seconds. No Other Crypto Has The Worlds Biggest Banks On Board. Or Has Ties To The U.S Treasury. No Other Crypto Can Facilliate The Worlds Payments. Schwartz Told You, For XRP To Work, It Has To Be Of High Value – Asset. Only idiots Sell #XRP

• From BambooXRP:
  

  1/2 I’m not here to say #XRP is going to this price or that price but from a logical perspective if it were to go $XXX or even $XXXX you have to remember if not handled correctly you owe the gov A LOT, you also can only withdraw so much from an exchange per month(open multiple)

• From JoelKatz:
  

  @mouradski We chose to do fiat-to-fiat first for a few reasons, but the biggest one is that it can work with no XRP infrastructure at all, so could be deployed fastest. Then we could use XRP where it could provide the most impact with a ready supply of customers and payments to tap into.

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

Ripple confirms new XRP-based payment corridor for Brazil

Delatinne explained that Brazil is at the heart of Ripple’s business strategy for Latin America and that the company is currently actively working on the development of an ODL and thus XRP based payment corridor for the country….As reported by CNF, there was a non-public online meeting where Ripple’s executives spoke with the president of the Brazilian central bank to discuss digitization in banking….Already at the end of last year, Luiz Antonio Sacco, the head of Ripple Brazil, stated that the country could be the springboard for the Latin American expansion of Ripple and its XRP based payment solution ODL.

The post Ripple (XRP) Up $0.001 On 4 Hour Chart, Fares the Worst Out of Top Cryptos to Start the Day; Entered Today Down 0.36% appeared first on CFDTrading.