Ripple (XRP) Down $0 Over Past 4 Hours, Entered Today Down 1.76%; Breaks Below 100 Day Average

Ripple 4 Hour Price Update

Updated June 19, 2020 01:37 AM GMT (09:37 PM EST)

Ripple entered the current 4 hour candle at $0.19, down 0% ($0) from the previous 4 hours. Ripple outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!

Ripple Daily Price Recap

The back and forth price flow continues for Ripple, which started today off at 0.1897 US dollars, down 1.76% ($0.0034) from yesterday. This move happened on lower volume, as yesterday’s volume was down 28.8% from the day before — and down 34.2% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ripple was the worst performer in the class during yesterday. Below is a daily price chart of Ripple.

Ripple Technical Analysis

First things first: Ripple crossed below its 100 day moving average yesterday. 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

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

  • From thebearablebull:

    Investing in XRP is rough
    You see your friends/family living their lives & buying goods that I have to sacrifice now for my future self’s freedom
    XRP is a psychological battle (not just a financial one)
    Only The Strong Will Survive 😤💪🏼

  • From AndySpqr:

    Amazing work by @Ripple on the PayID interventions. One thing you will see is that despite this amazing news the price of xrp remains in the 19 cent range. Any other crypto project has this kind of announcement and it’ll have done easily a 100x since this news broke. 🧐🧐🧐🧐

  • From LiquidityToken:

    I’m not released yet. I’m making sure that my shoes are tied, one foot at a time, before I step out into the streets. I’ll come pick you up, we will go to park and chill.
    Proof of Liquidity Is Coming To #TRON Blockchain $TRX$ETH $POWER $VLT $XRP $LINK
    @coinkit_ mon 10 500 $btc

For a longer news piece related to XRP that’s been generating discussion, check out:

XRP: A Preferred Base Currency for Arbitrage Trading | Ripple

XRP’s speed not only allows it to capture more price differences between exchanges, it also reduces the exposure to the various risks involved in those arbitrage trades….XRP’s speed also reduces the need for liquidity providers to hold large inventories of digital assets at multiple exchanges, lowering their working capital needs without lowering their ability to capture trading opportunities.