Ripple Market Report: XRP/BTC Up 51.14% to Monthly High
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||$ 00.09755947|
|one week ago||$ 00.06454898|
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:
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 is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ripple market calculated using the formula:
|Market cap||$ 3,702,926,193|
|Last price||$ 00.09755947|
Daily High Low
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bullish.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Saturday May 06 2017 21:37 hours UTC. Contact KittyBitcoin to request custom reports.
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