Ripple Market Report: XRP/BTC Near Weekly Low of 0.00000935

Brief:


Ripple is down -1.44% on the day, down -2.85% on the week and down 0.00% on the month on a last price of 0.00000956. XRP/BTC is trading between a 24hr high of 0.00000990 and a 24hr low of 0.00000944 on a 24hr volume of 369.50 BTC or 38322095.57 XRP. The weekly trend is mixed.

Last price

0.00000956 XRP/BTC

$USD

last price $ 00.00638335
one week ago $ 00.00657031
percentage -2.85%

Volume

Volume

The 24 hour volume on Poloniex is 369.50 BTC or 38322095.57 XRP.

Remarks

Ripple neared a weekly low of 0.00000935 as it bounced off the 24 hour low of 0.00000944 BTC earlier today. With 35.3 billion XRP available supply it takes a lot of volume to move the price. The near weekly low could be attractive for a long position.

Coupled with the low price is the potential promise of a capricious price spike. We have seen two recent spikes of XRP/BTC. The more recent price spike soared to a weighted average of 0.00001058 on a volume of 2656.7 on June 22 2016.

The earlier spike on June 14 2016 set a monthly high of 0.00001979 BTC on a volume of 3931.8 BTC. The last price at press time was 0.00000956 BTC.

More info
https://ripple.com/

Price change

Price change is the percentage change within the period:

period change
day -1.44%
week -2.85%
month 0.00%

Chart

Tap or click chart to enlarge:

chart-xrp-btc-2016-07-12

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Ripple market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 225,625,710 35345971933 $ 00.00638335

Daily High Low

daily high 0.00000990
daily low 0.00000944

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00000944
week 0.00000935
biweekly 0.00000926
month 0.00000775

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00000990
week 0.00001034
biweekly 0.00001140
month 0.00001979

Margin trading

yes

The data source Poloniex offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00000046
week -0.00000028
month 0.00000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ripple is down -1.44% on the day, down -2.85% on the week and down 0.00% on the month. The weekly trend is mixed. XRP/BTC saw weekly support at 0.00000935 and weekly resistance at 0.00001034. Market sentiment is neutral.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Tuesday July 12 2016 20:16 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Ripple, XRP/BTC, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

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