Ripple

Ripple Market Report: $XRP Turnaround or Continued Downtrend?

Brief:


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

0.00008232 $XRP/BTC

$USD

last price $ 00.19
one week ago $ 00.22
percentage -13.64%

Volume

Volume

The 24 hour volume on Poloniex is 9768 BTC.

Daily Volume (light gray vertical bars)

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.

Remarks

Downtrend or Turnaround?

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

One Month Chart

Ripple Market Reports
Browse $XRP dynamics with our Ripple Market Report collection:

$XRP Market Reports

XBTLivePrice
Bitcoin spot prices from four major exchanges at print time:

Bitcoin @Poloniex is $2340 up 0.25% in the last twenty-four hours.

Yesterday

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Price change

Price change is the percentage change within the period:

period change
day 5.54%
week -14.66%
month -10.33%

Featured Chart

Tap or click chart to enlarge:

Data source

Poloniex is the data source for this market report – except as noted.

Market capitalization

Market capitalization is the total $US dollar value of the Ripple market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 7,275,363,680
Circulating supply 38,291,387,790
Last price $ 00.19
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.00009129
daily low 0.00007730

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00007730
week 0.00006000

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00009129
week 0.00009701

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 0.00001399
week -0.00001414

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

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.

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 Thursday July 13 2017 14:48 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

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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