Ripple Market Report: $XRP Up 119.12% on the Week

Brief:


Ripple takes off on the strength of its institutional banking products, while Ethereum is the clear loser. Ripple is up 62.82% in 24 hours, up 119.12% on the week and up 81.15% on the month on a last price of $00.6050. The Ripple marketcap is $24,084,486,809 with a circulating supply of 39,809,069,106 $XRP. $XRP/USDT is trading between a 24hr high of $00.80000 and a 24hr low of $00.36541 on a 24hr Binance volume of $353,078,252. This trading volume is heavy. The weekly price trend is up.

Rank #3

Ripple is ranked #3 today by cryptocurrency market capitalization.

Last price

0.6050 $XRP/USDT

$USD

last price $ 0.6050
one week ago $ 0.27610

Price change

Price change is the $XRP percentage change within the period:

period change
day 62.82%
week 119.12%
month 81.15%

Volume

Volume

$XRP 24 hour volume
USDT $353,078,252
all $XRP currencies $3,907,091,960

The 24 hour volume for $XRP/USDT on Binance is $353,078,252. This volume weight is heavy when compared with Binance daily trading levels for $XRP over the last month.

The total 24 hour volume for all reporting $XRP markets is $3,907,091,960.

Market Share

The Binance currency pair $XRP/USDT is 9.04% of all $XRP traded in twenty-four hours. Upbit, Bitfinex and Bithumb all hold higher market share today.

Top $XRP Pairs
Tap or click for detail:

Remarks

Ripple takes off on the strength of its institutional banking products, while Ethereum is the clear loser. Ripple is up 62.82% in 24 hours, up 119.12% on the week and up 81.15% on the month on a last price of $00.6050. The Ripple marketcap is $24,084,486,809 with a circulating supply of 39,809,069,106 $XRP. $XRP/USDT is trading between a 24hr high of $00.80000 and a 24hr low of $00.36541 on a 24hr Binance volume of $353,078,252. This trading volume is heavy. The weekly price trend is up.

$XRP briefly overtook Ethereum as the number two market capitalization leader, after bitcoin. While bitcoin posted modest single digit gains, $XRP skyrocketed 62.82% in 24 hours.

$ETH has struggled for months to overcome deflating prices in a lengthy industry bear trend. Last week saw ether post a yearly low of $167.32. Some of the deflation has been attributed to the flood of ether on the market due to failed ICO’s. Many of the ICO’S are ether based, and so ether takes the price hit when they fail.

$XRP on the other hand has enjoyed a methodical expansion of its institutional banking products which continue to reverberate through its new found banking relationships. It would appear that banking relationships are worth more than ICO’s, at least for Ripple.

Ripple $XRP soared to an all time high (ATH) of $3.67 on January 04 2018, according to CoinMarketCap.com. That day’s $USD 24 hour volume was 9.021 billion dollars. By comparison today’s 24 hour volume is $3.907 billion. But still the price swing is profound and may herald the imminent ushering in of the new number two market cap leader: Ripple $XRP.

One Year $XRP Chart

$XRP One Day Candles

Browse Ripple Collection

Learn about the unique characteristics of $XRP. Browse our collection of Ripple Market Reports.

Friday September 21 2018 Bitcoin Background

Altcoins such as Ripple ($XRP) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
4.2% price $6,699.72
vol $6,440,749,303
mktcap $115,772,887,455
17.28M #XBT 18:28
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Highlight Chart

Tap / click to enlarge:

Ripple takes off on the strength of its institutional banking products, while Ethereum is the clear loser. Ripple is up 62.82% in 24 hours, up 119.12% on the week and up 81.15% on the month on a last price of $00.6050.
Ripple takes off on the strength of its institutional banking products, while Ethereum is the clear loser. Ripple is up 62.82% in 24 hours, up 119.12% on the week and up 81.15% on the month on a last price of $00.6050.

Data sources

Main Data Source

Binance is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Binance.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are fine data products from KittyBitcoin.com

Other sources are credited where used.

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 $ 24,084,486,809
Circulating supply 39,809,069,106
Last price $ 0.6050

Daily High Low

daily high 0.80000 USDT
daily low 0.36541 USDT

Trend

The weekly trend is up.

trend is UP

Trend is "up" when the weekly price movement is predominantly upwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.80000 USDT
week 0.80000 USDT

Support

Support is the lowest price within the period:

period support
day 0.36541 USDT
week 0.26662 USDT

Market sentiment

$XRP market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Ripple takes off on the strength of its institutional banking products, while Ethereum is the clear loser. Ripple is up 62.82% in 24 hours, up 119.12% on the week and up 81.15% on the month on a last price of $00.6050. The Ripple marketcap is $24,084,486,809 with a circulating supply of 39,809,069,106 $XRP. $XRP/USDT saw weekly resistance at $00.80000 USDT and weekly support at $00.26662 USDT. Market sentiment is bullish. The weekly price trend is up in daily heavy volume trading.

Cryptocurrency Storage Safety

Don’t RISK your crypto on an exchange. Use a COLD STORAGE bitcoin safe from Trezor.

Bitcoin & Ethereum

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

Thanks for reading! 🙂
13

Increase your traffic, readership & visibility