Ripple (XRP) Down $0.0012 On 4 Hour Chart, Entered Today Up 2.32%; in a Downtrend

Ripple 4 Hour Price Update

Updated May 28, 2020 01:35 AM GMT (09:35 PM EST)

Ripple entered the current 4 hour candle at $0.1968, down 0.61% ($0.0012) from the last 4 hour candle. On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Ripple Daily Price Recap

0.1981 (USD) was the opening price of the day for Ripple, resulting in the previous day being one in which price moved up 2.32% ($0.0045) from the previous day. As for how volume fared, yesterday’s volume was up 7.82% from the previous day (Tuesday), and up 0.19% from Wednesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Ripple.

Ripple Technical Analysis

Notably, Ripple is now close to its 20, 50 and 100 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 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard on Twitter

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

• From AlexCobb_:
  

  Just bought a load of #XDCE.I had flashbacks from when I saw #XRP at $0.005 and didn’t buy in, so i had to buy If I lose all my money i’m cool with it, you never know what coins are going to 100x.Good partnerships and the network is much faster than bitcoin

• From bgarlinghouse:
  

  This piece nails it. One caveat – public digital assets like XRP are not exempt from U.S. (or global) financial oversight — actually the opposite. Responsible players who use these assets want to work with regulators, not against them. (2/2)

• From MrUseCase1:
  

  The Federal Reserve was created in secretYou’d be a fool to think that the silence by big players about #xrp is a bad signSomething big is going on behind the scenes and I believe ripple and xrp will play a major role in the future of value transfers

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

Ripple’s Xumm Banking App Will Soon Be Ready for Mass Adoption

Ripple’s Xumm banking app that will be soon available for mass adoption is more than an ordinary digital asset wallet as it offers a wide array of functionalities both to retailers and developers….The app is more than an ordinary digital asset wallet as it offers a wide array of functionalities both to retailers and developers….Account creation in the new Ripple’s banking app will take the users more time and concentration than opening a normal wallet account, for security purposes.