Ripple (XRP) Up $0.0033 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 90 Days

Ripple 4 Hour Price Update

Updated June 28, 2020 01:37 AM GMT (09:37 PM EST)

Ripple’s 4 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 1.92% ($0.0033). Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since the previous 4 hours in terms of percentage price change.

Ripple Daily Price Recap

The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.1751 US dollars, down 4% ($0.0073) since yesterday. The price move occurred on volume that was down 16.76% from the day prior, but up 75.57% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Ripple below illustrates.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 90 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 down 17 out of the past 30 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:

  • 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 BLOCKCHAINPHYS1:

    Holy shit! I was just shown actual documentation regarding $xrp that a friend of mine retrieved from a hacking job. There is nobody better on computers than he is. And FML. Each xrp is going to be $10,000 usd soon! He wont allow me to post it. This shit is mind blowing!

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

Ripple Launches Xumm-Linked Web App ChefXRP – NewsLogical

Ripple says developers who want to have a deep look at ChefXRP or make use of it have to download the Xumm app from either the iOS or Android App stores….Once this is done; developers have access to the ChefXRP and use it to create subscriptions with payment done using Xumm app….After this is configured, the ChefXRP website can be used to create subscriptions with payments being serviced by Xumm, and then click subscribe upon signing in using PayID….Meanwhile, Ripple has also launched PayID Hackathon for developers to earn $25K in prizes when they make designs that make it possible to send money with the speed of email.

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