Ripple Market Report: XRP Overtakes ETH

Brief:


XRP market cap exceeds Ethereum. Ripple has set a new all time high. Ripple is up 26.15% on the day, up 84.69% on the week and up 536.27% on the month on a last price of 0.00018000 BTC or about $00.31 cents. XRP/BTC is trading between a 24hr high of 0.00019500 and a 24hr low of 0.00013727 on a 24hr volume of 126,045 BTC or 736,661,878 XRP. The weekly trend is up.

Last price

0.00018000 XRP/BTC

$USD

last price $ 00.31640805
one week ago $ 00.17131738
percentage 84.69%

Volume

Volume

The 24 hour volume on Poloniex is 126045.70996341 BTC or 736661878.94824635 XRP.

Remarks

Ripple Second Highest Market Capitalization
Ripple has overtaken Ethereum of the top ten digital assets based on market capitalization. This happened as XRP/BTC hit a new high of 0.00019500 BTC or $00.34 per XRP at current BTC rates:

CoinMarketCap All Time Chart
CoinMarketCap.com faithfully reports the all time history of Ripple:

Poloniex BTC Market Volume
An incredible amount of 126,045 BTC of XRP was traded over the last twenty-four hours:

This is not the highest monthly volume but nonetheless its value is a whopping $225,746,595 in daily trading at current BTC market rates. That’s a quarter of a billion dollars in a day.

Daily Candles Chart
Expressed in daily candles this is the last month in Ripple trades on Poloniex:

This chart is remarkable in that just when one might think Ripple has finished its climb – on May 08 2017 a monthly high volume of 153,454 was seen, and then dropped thereafter – instead XRP turns on the afterburners and skyrockets to the new all time high 7000 satoshi higher about a week later.

One Month Chart
The one month chart shows a steep climb:

XBT LivePrice
Bitcoin is on the rise again up 3.37% on the day on Poloniex and weighing in at $1791.73:

Price change

Price change is the percentage change within the period:

period change
day 26.15%
week 84.69%
month 536.27%

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 $ 12,120,286,853
Available supply 38305873865
Last price $ 00.31640805

Daily High Low

daily high 0.00019500
daily low 0.00013727

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 0.00013727
week 0.00008700
biweekly 0.00003539
month 0.00002200

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00019500
week 0.00019500
biweekly 0.00019500
month 0.00019500

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 0.00005773
week 0.00008254
month 0.00015171

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

XRP market cap exceeds Ethereum. Ripple has set a new all time high of 0.00019500 BTC. Ripple is up 26.15% on the day, up 84.69% on the week and up 536.27% on the month. The weekly trend is up. XRP/BTC saw weekly support at 0.00008700 and weekly and all time resistance at 0.00019500. 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 Tuesday May 16 2017 19:54 hours UTC. Contact KittyBitcoin to request custom reports.

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