Ripple

Ripple Market Report: XRP/BTC Up 1.10% on the Week

Brief:


Ripple is up 0.31% on the day, up 1.10% on the week and down -14.65% on the month on a last price of 0.00000641. XRP/BTC is trading between a 24hr high of 0.00000659 and a 24hr low of 0.00000624 on a 24hr volume of 630 BTC or 98279855 XRP. The weekly trend is mixed.

Last price

0.00000641 XRP/BTC

$USD

last price $ 00.00630995
one week ago $ 00.00624104
percentage 1.10%

Volume

Volume

The 24 hour volume on Poloniex is 630.12413525 BTC or 98279855.54422857 XRP.

Remarks

With an available supply of over thirty-seven BILLION XRP (37,044,533,660) it’s a big deal when the coin price rises over one percent. Yesterday saw a month long downtrend interrupted. The one day volume was 1033 BTC which saw the price climb from a low of 0.00000588 to a high of 0.00000668. This is a gross gain of 80 satoshis on the day.

The weekly, biweekly and monthly support level of 588 was also touched yesterday. The price change may be signalling the end of the month long downtrend – or could be a brief change in an otherwise descending line. Today’s volume at presstime was 631 BTC. The one day chart is showing red but also price bouyancy with firm support at 0.00000636 BTC.

With new coins showing a designer level of sophistication, the older coins such as XRP may not be seeing as much short term demand. The rational is that there is a fixed amount of investment capital and a growing number of attractive coins. Over a month ago Ripple was trading above 0.00000900 which is a far cry from today’s last price of 0.00000641 XRP/BTC. Nonetheless Ripple does remain one of the old standby coins with other investment uses detailed on its websites.

One Month Chart: Ripple XRP/BTC
chart-xrp-btc-1month-4hour-2017-02-10

Zoom in for weekly detail with the Featured Chart.

Browse Historical Archive
Learn more about the unique characteristics of this digital asset. Browse our comprehensive collection of Ripple Market Reports XRP/BTC. [opens in new tab]

Price change

Price change is the percentage change within the period:

period change
day 0.31%
week 1.10%
month -14.65%

Featured Chart

Tap or click chart to enlarge:

chart-xrp-btc-1week-2hour-2017-02-10

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 $ 233,749,155
Available supply 37044533660
Last price $ 00.00630995

Daily High Low

daily high 0.00000659
daily low 0.00000624

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00000624
week 0.00000588
biweekly 0.00000588
month 0.00000588

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00000659
week 0.00000668
biweekly 0.00000705
month 0.00000920

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 0.00000035
week 0.00000007
month -0.00000110

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ripple is up 0.31% on the day, up 1.10% on the week and down -14.65% on the month. The weekly trend is mixed. XRP/BTC saw weekly support at 0.00000588 and weekly resistance at 0.00000668. 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 Friday February 10 2017 18:41 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

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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