Ripple Market Report: $XRP Down -3.88% in 24 Hours

Brief:


There is market speculation about an XRP trend change, but the price is down. Ripple is down -3.88% in 24 hours, down -1.49% on the week and up 1.54% on the month on a last price of 198 won or about $00.17. $XRP/KRW is trading between a 24hr high of 206 won and a 24hr low of 200 won on a 24hr Bithumb volume of 56,341,422 XRP. The weekly trend is mixed.

Last price

198 $XRP/KRW

$USD

last price $ 00.17
one week ago $ 00.17
percentage 0.00%

Volume

Volume

The 24 hour volume on Bithumb is 56,341,422 XRP.

Remarks

According to CoinMarketCap.com the leading exchange in Ripple $XRP is Korea’s Bithumb.com. Bithumb has a market share of 26.66% of all $XRP traded worldwide in any currency. This report uses the Korean Won and Bithumb data.

There is market speculation about an XRP trend change, but the price is down. Ripple is down -3.88% in 24 hours, down -1.49% on the week and up 1.54% on the month on a last price of 198 won or about $00.17.

$XRP “down -3.88%” is a significant amount. The circulating supply is 38,343,841,883 XRP and with such a huge amount of supply it takes a lot of downward pressure to move the coin 3%.

CoinMarketCap YTD Chart

One Day Candles

24 Hours of Bitcoin
24 Hours of #Bitcoin
-8.83% price $3,624.79
vol $1,337,690,000
mktcap $60,097,430,542
16.58M #XBT 21:31
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

Bitcoin is down -8.83% over twenty-four hours. There could be some positive things happening for XRP down the road, but Ripple is not likely to buck a precipitous 8% plus Bitcoin drop. $XRP is highly probable to continue its downtrend in the short term.

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

Yesterday

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Price change

Price change is the percentage change within the period:

period change
day -3.88%
week -1.49%
month 1.54%

Featured Chart

Data source

Bithumb 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 $ 6,518,453,120
Circulating supply 38,343,841,883
Last price $ 00.17
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 206
daily low 200

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 200
week 187

Resistance

Resistance is the highest price within the period:

period resistance
day 206
week 208

Range

Range is the difference in price within the period:

period range
day 6.00000000
week -3.00000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ripple is not likely to buck a precipitous 8% plus Bitcoin drop. $XRP is highly probable to continue its downtrend in the short term. Ripple is down -3.88% in 24 hours, down -1.49% on the week and up 1.54% on the month on a last price of 198 won or about $00.17. The weekly trend is mixed. $XRP/KRW saw weekly resistance at 208 won and weekly support at 187 won. 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 September 21 2017 20:21 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Coming soon

Thanks for reading! 🙂

Tags

Ripple, $XRP, KRW, Bithumb, Market, Report, $XRP/KRW, altcoins

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