Ripple

Ripple Market Report: XRP/BTC Up 51.14% to Monthly High

Brief:


Ripple has peaked at a monthly high of 6850 satoshi. Ripple is up 4.18% on the day, up 51.14% on the week and up 99.87% on the month on a last price of 0.00006230. XRP/BTC is trading between a 24hr high of 0.00006850 and a 24hr low of 0.00005724 on a 24hr volume of 40,405 BTC or 635,079,544 XRP. The weekly trend is up.

Last price

0.00006230 XRP/BTC

$USD

last price $ 00.09755947
one week ago $ 00.06454898
percentage 51.14%

Volume

Volume

The 24 hour volume on Poloniex is 40405.40718232 BTC or 635079544.92353908 XRP.

Remarks

Ripple is more than twelve times its value from its sub 500 satoshi days not so long ago in March of 2017:

CoinMarketCap.com All Time Chart

The all time high is 9600 satoshi. This was set in September of 2013. The most recent spike prior to this week was April 03 2017 with a high of 4938 satoshi, according to CoinMarketCap.

One Month Four Hour Chart
This is one gangbuster of a rally, doing 87,075 BTC of trades on May 05 2017. One day later on reduced volume XRP/BTC peaks at its monthly high of 6850 satoshi:

One Month in Daily Candles
One month expressed in daily candles to highlight the daily volume history:

XBT LivePrice
Bitcoin is very near $1600 on Bitfinex and is rising slightly – $1603.75 and up 3.06% on Poloniex – from $1575+ prices yesterday:

Short Term Outlook
In the short term we’re near the end of the present XRP/BTC rally. Volume is down considerably today from yesterday. One might argue that volume should be higher on a weekend, although no definitive stats are available for this apart from “Users currently online: 25289” which appears higher than on Poloniex weekdays. If you look at the CoinMarketCap.com all time chart, the volatility historically evidenced by this coin quickly falls off to profit taking and price correction.

Nothing lasts forever. It’s been a good rally, but expect to see substantial red by Monday at the latest.

Browse Historical Collection
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Price change

Price change is the percentage change within the period:

period change
day 4.18%
week 51.14%
month 99.87%

Featured Chart

Tap or click chart to enlarge:

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 $ 3,702,926,193
Available supply 37955579225
Last price $ 00.09755947

Daily High Low

daily high 0.00006850
daily low 0.00005724

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 0.00005724
week 0.00003350
biweekly 0.00002450
month 0.00002200

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00006850
week 0.00006850
biweekly 0.00006850
month 0.00006850

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 0.00001126
week 0.00002108
month 0.00003113

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Ripple has peaked at a monthly high of 6850 satoshi. Ripple is up 4.18% on the day, up 51.14% on the week and up 99.87% on the month. The weekly trend is up. XRP/BTC saw weekly support at 0.00003350 and weekly resistance at 0.00006850. Market sentiment is bullish.

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 Saturday May 06 2017 21:37 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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