Ripple Market Report: $XRP Helps Ignite Bitcoin

Brief:


Bitcoin heads upwards ignited by alts like Ripple. Ripple is up 14.29% in 24 hours, up 16.67% on the week and down -28.21% on the month on a last price of $00.56. The Ripple marketcap is $21,892,931,549 with a circulating supply of 39,094,520,623 $XRP. $XRP/USDT is trading between a 24hr high of $00.57 and a 24hr low of $00.55 on a 24hr Huobi volume of $64,889,200. This trading volume is heavy. The weekly price trend is mixed.

Last price

00.56 $XRP/USDT

$USD

last price $ 00.56
one week ago $ 00.48

Price change

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

period change
day 14.29%
week 16.67%
month -28.21%

Volume

Volume

$XRP 24 hour volume
USDT $64,889,200
all $XRP currencies $1,064,460,000

The 24 hour volume for $XRP/USDT on Huobi is $64,889,200 . This volume weight is heavy when compared with Huobi daily trading levels for $XRP over the last month.

The total 24 hour volume for all reporting $XRP markets is $1,064,460,000.

Market Share

The Huobi currency pair $XRP/USDT is 6.10% of all $XRP traded in twenty-four hours. Huobi holds sixth position overall.

Top $XRP Pairs
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Remarks

Bitcoin heads upwards ignited by alts like Ripple. Ripple is up 14.29% in 24 hours, up 16.67% on the week and down -28.21% on the month on a last price of 00.56. The Ripple marketcap is $21,892,931,549 with a circulating supply of 39,094,520,623 $XRP. $XRP/USDT is trading between a 24hr high of 00.57 and a 24hr low of 00.55 on a 24hr Huobi volume of $64,889,200 . In heavy volume trading the weekly trend is mixed.

Over one billion dollars of $XRP changed hands in twenty-four hours. The alts helped ignite bitcoin to a classic double digit rise in just a few hours.

Not just Ripple, but Litecoin, Ethereum and most major top cryptos started to climb well before bitcoin made its move. The delay was hours between the rise of alts and the corresponding rise of bitcoin.

Most traders will be happy with most crypto in the green today.

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.

Thursday April 12 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
11.37% price $7,690.68
vol $8,407,640,000
mktcap $130,539,102,849
16.97M #XBT 20:38
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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:

Bitcoin heads upwards ignited by alts like Ripple. Ripple is up 14.29% in 24 hours, up 16.67% on the week and down -28.21% on the month on a last price of $00.56.
Bitcoin heads upwards ignited by alts like Ripple. Ripple is up 14.29% in 24 hours, up 16.67% on the week and down -28.21% on the month on a last price of $00.56.

Data sources

Main Data Source

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

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 $ 21,892,931,549
Circulating supply 39,094,520,623
Last price $ 00.56

Daily High Low

daily high 00.57 USDT
daily low 00.55 USDT

Trend

The weekly trend is mixed.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 00.57 USDT
week 00.59 USDT

Support

Support is the lowest price within the period:

period support
day 00.55 USDT
week 00.46 USDT

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin heads upwards ignited by alts like Ripple. Ripple is up 14.29% in 24 hours, up 16.67% on the week and down -28.21% on the month on a last price of $00.56. The Ripple marketcap is $21,892,931,549 with a circulating supply of 39,094,520,623 $XRP. $XRP/USDT saw weekly resistance at $00.59 USDT and weekly support at $00.46 USDT. Market sentiment is bullish. The weekly price trend is mixed in daily heavy volume trading.

Crypto Storage Safety

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

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 April 12 2018 19:25 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

Ripple, $XRP, USDT, Huobi, Market, Report, $XRP/USDT, altcoins