Ripple Market Report: $XRP Turnaround or Continued Downtrend?
Ripple remains on a downtrend despite up 5.54% on the day. Ripple is down -14.66% on the week and down -10.33% on the month on a last price of 0.00008232 or about $00.19. $XRP/BTC is trading between a 24hr high of 0.00009129 and a 24hr low of 0.00007730 on a 24hr volume of 9768 BTC. The weekly trend is mixed.
|last price||$ 00.19|
|one week ago||$ 00.22|
The highest monthly volume was 46,687 BTC on June 20 which pushed the price higher.
The second highest volume was on June 14 with 35,495 BTC of $XRP changing hands, pushing the price higher.
The third highest volume July 11 sent the price tumbling to a monthly low on a smaller volume of 19,872 BTC. Volume has dropped in the ensuing two days.
One may argue that the green line representing the July 11 to July 13 2017 uptrend might be the start of something good. It isn’t. The price of $XRP is likely to decline further in the short term.
There is not sufficent recent volume to support notions of a turnaround. Add to this the month long red downtrend line still encloses today’s upswing as within the predictable range of the overall monthly downtrend.
When bargaining on a long position one might hope that a daily upswing is likely to continue. Sadly, the facts do not bear this out. It is is highly probable the month long downtrend will continue.
CoinMarketCap YTD Chart
Ripple Market Reports
Browse $XRP dynamics with our Ripple Market Report collection:
Bitcoin spot prices from four major exchanges at print time:
Bitcoin @Poloniex is $2340 up 0.25% in the last twenty-four hours.
Altcoin Market Reports
We publish recent and topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.
Price change is the percentage change within the period:
Poloniex is the data source for this market report – except as noted.
Market capitalization is the total $US dollar value of the Ripple market calculated using the formula:
|Market cap||$ 7,275,363,680|
|Last price||$ 00.19|
Daily High Low
The weekly trend is mixed.
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 neutral.
Ripple remains on downtrend despite up 5.54% on the day. Ripple is down -14.66% on the week and down -10.33% on the month. The weekly trend is mixed. $XRP/BTC saw weekly support at 0.00006000 and weekly resistance at 0.00009701. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
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