Ripple (XRP) Down $0.0006 Over Past 4 Hours, Entered Today Up 0.55%; Pin Bar Pattern Appearing on Chart

Ripple 4 Hour Price Update

Updated June 27, 2020 01:36 AM GMT (09:36 PM EST)

The back and forth price flow continues for Ripple, which started the current 4 hour candle off at 0.1825 US dollars, down 0.33% ($0.0006) from the last 4 hour candle. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during the last 4 hour candle.

Ripple Daily Price Recap

The end of a 3 day negative run has come for Ripple, which finished the previous day up 0.55% ($0.001). The price move occurred on stronger volume; specifically, yesterday’s volume was up 20.76% from the day prior, and up 20.58% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 2nd for the day in terms of price change relative to the previous day. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Coming into today Ripple is now close to its 20 day averages, located at 0.19 respectively, and thus may be at a key juncture along those timeframes. 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 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Ripple’s price has gone down 16 them.

Overheard on Twitter

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

  • From JoelKatz:

    @EDadoun @Jlob8o @BredGarlicHouse @Arturo_P_A @payid_org @jack Right. If we don’t give our customers the best experiences we can, we won’t have any customers. So we’ll give them every option we possibly can and if XRP is the best option for some subset of their payments, they should have no reason not to use it.

  • From RosesOnThaMoon:

    Don’t come to me talking shit about the #XRP price. Unlike many haters & FUDsters, IM HERE TO STAY. For me, these price dips are good opportunities to accumulate more.If you really don’t like the asset, just move on and invest in something else.It’s that simple.

  • From XRP_ILP:

    I have insider information. A friend in Ripple. We’ll call her Heidi Secret. She told me that Ripple has a set price for XRP in September 25, 2020! That’s when it’s all going to happen! On 25. September, 2020, XRP will be $500.

As for a news story related to Ripple getting some buzz:

Ripple Partner TerraPay Inks Partnership With Visa To Further Digital Remittance

The Crypto Associate TerraPay and Visa have entered into a partnership to develop and further digital remittance solutions and financial inclusivity….The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets.

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