Ripple is currently on bullish momentum. At 01:05 EST on Tuesday, 19 January, Ripple is at $0.32 and up by 15.21% in the last 12 hours.
Ripple Range
Over the last six hours, Ripple’s higher value was $0.32 and the lower value was $0.29.
Over the last twelve hours, Ripple’s higher value was $0.32 and the lower value was $0.28.
Regarding Ripple’s daily highs and lows, it’s 14.964% up from its trailing 24-hour low of $0.28 and 0.594% up from its trailing 24-hour high of $0.32.
Concerning Ripple’s yearly highs and lows, it’s 179.67% up from its 52-week low and 58.086% down from its 52-week high.
Volatility
Ripple’s last day, last week, and last month’s average volatility was a positive 2.67%, a negative 0.21%, and a negative 0.48%, respectively.
Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 5.50%, 8.36%, and 17.64%, respectively.
News about Bitcoin
Bitcoin retreats from $40,000 level strategists view as key. According to Bloomberg Quint on Monday, 18 January, “The flow into the Grayscale Bitcoin Trust would likely need to sustain its $100 million per day pace over the coming days and weeks for such a breakout to occur,” the strategists wrote in a note on Friday.”, “The pattern of demand for Bitcoin futures and the $22.9 billion Grayscale Bitcoin Trust will help determine the outlook, they added.”
A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges. According to Business Insider on Monday, 18 January, “Yet the Bitcoin price is highly volatile, regularly swinging more than 10% each day. “, “Analysts at JPMorgan last week said Bitcoin may need to break past $40,000 mark again in the near future if the price is to rise further. “
Coinshares is starting an exchange-traded Bitcoin product. According to Bloomberg Quint on Monday, 18 January, “It launched a regulated Bitcoin investment vehicle in 2015, when the coin traded around $400.”, “CoinShares, a St. Helier, Jersey-based asset manager, is launching an exchange-traded Bitcoin product amid a fierce rally for the world’s largest digital currency.”
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, “JPMorgan analysts see Bitcoin (BTC) continuing on its rally above the $40,000 mark, if the Grayscale Bitcoin Trust (OTC:GBTC) continues to sustain inflow above the $100 million mark every day in the coming weeks.”, “The investors who tend to follow market trends “could propagate the past week’s correction” and “momentum signals will naturally decay from here up till the end of March” if Bitcoin does not cross the $40,000 mark in the coming weeks, the analysts reportedly said.”