Ripple: XRP Price Tracker

[misterbigg]

...at this time is more irritating than it have a certain added value

You can always look at the live Ripple order book if you want up to date information. But currently there is no way to get any sort of historical data (like the bid/ask at the end of last month). So I disagree that it doesn't add value. Besides, you're free to simply not look at this thread.

[jking]

The price of XRP has roughly tripled

Has OpenCoin stopped giving away free XRP? Is that why?

[misterbigg]

Has OpenCoin stopped giving away free XRP? Is that why?

Really, at this early stage it's impossible to say why the price is moving. The market is highly illiquid and the tools for studying it haven't even been written yet (hence, my creation of this thread)

[misterbigg]

I think this thread serves no purpose except to boost misterbigg's ego. The numbers he quotes here are not based on anything other than his fantasies. If anyone wants to track REAL in-Ripple XRP/BTC market, all you need to do is just subscribe to #ripple-market IRC channel.

Yep, if someone wants to listen in on real time trades they can definitely use IRC to get the data. They can also run the Ripple client software periodically to see the order book.

I'm not making any claims that there is significant volume of XRP at any of the prices I listed. All I am doing is posting a once-daily sampling of the average of the bid and the ask (and I'm being transparent about it). If you don't find this information useful, then feel free to ignore it. It does provide less up to the minute data than what you could get from IRC or the Ripple order book.

On the other hand, for people that do not have an interest in participating in the Ripple market and don't want to continually log the IRC channel, but do want to see a very rough estimate of the direction of the XRP price on a day to day basis, then this thread is for them.

Best bids and asks in the BTC/XRP ripple book are usually for such tiny amounts of BTCs that they are meaningless

The amounts are certainly small but I wouldn't say that the best bid and ask are meaningless, especially if you look at how the values evolve over time (which I am doing in this thread).

somebody (hint: ripple.com) needs to publish a 24-hour rolling volume-weighted price (there is a field for last trade but that's empty ATM) based on actual sales.

That would certainly be a lot better. Are you volunteering to do this? It's a bit beyond the scope of what I'm willing to commit to.

[jking]

Just seems weird to me that if people can get 50,000 XRP for free, why the market price for 50,000 XRP is ~$30-35.

[misterbigg]

Just seems weird to me that if people can get 50,000 XRP for free, why the market price for 50,000 XRP is ~$30-35.

You can only get 50,000 XRP for free once (well, without trying to game the system). Actually I think they lowered the hand out to 40,000 XRP.

Since there are absolutely no goods and services available for purchase using Ripple IOUs, we must assume that XRPs current valuation is purely speculative.

It seems that OP is not interested in any meaningful discussion, and intolerable to the point that if you call his bullshit straight, he is going to start a smear and libel campaign against you. See evidence here: https://bitcointalk.org/index.php?topic=148806.0. Locked, no less, to give him the last word on it.

Not true. I started the price tracker thread and immediately Arvicco jumped in with claims that my calculations are "bullshit" and that I was deceiving everyone. Then he deleted his posts, and now he claims that I'm libeling even though all I am doing is laying out facts and backing them up. I locked the thread because one of the accusers didn't step forward with more evidence but Arvicco prefers it unlocked so I am accommodating him. Far from being "not interested in any meaningful discussion" I am very responsive.

[misterbigg]

The price is definitely increasing. Could this be the result of OpenCoin not handing out free XRPs?

[jtimon]

Just seems weird to me that if people can get 50,000 XRP for free, why the market price for 50,000 XRP is ~$30-35.

It's value is purely speculative as has been said.
I would say many people is just holding the coins with no estimate of what should be the price and fear of miss-selling. Other speculators are buying because they think they will rise in value.
Of course there must be also people who are just cashing out ASAP, it just seems that there are more speculators on the other side.

[KrLos]

I have seen here some user complaining about this post, but you see them buying xrp as cheap as they can, they just do not want to people reach this info...

Keep the work!

[misterbigg]

Mid day price popped back up to 29,000XRP/BTC and also 240 new accounts have been created since yesterday, and funded with the reserve requirement.

[Monster Tent]

The price of XRP has roughly tripled

Has OpenCoin stopped giving away free XRP? Is that why?

Pump and dump.

Its pure speculation at this point.

[jubalix]

Mid day price popped back up to 29,000XRP/BTC and also 240 new accounts have been created since yesterday, and funded with the reserve requirement.

how do you get this info

240 new accounts reated since yesterday?

[misterbigg]

how do you get this info

240 new accounts reated since yesterday?

The information is floating around in one of those javascript applets that reads the ledger data I believe

[misterbigg]

Wow... $40/BTC!!!! XRP has dropped in value. Does anyone know if OpenCoin has resumed giving out XRP?

[jtimon]

Wow... $40/BTC!!!! XRP has dropped in value. Does anyone know if OpenCoin has resumed giving out XRP?

Dropped in value or just dropped again bitcoin?
Maybe is rising but just not as fast as bitcoin charging bull.

[jubalix]

Wow... $40/BTC!!!! XRP has dropped in value. Does anyone know if OpenCoin has resumed giving out XRP?

Dropped in value or just dropped again bitcoin?
Maybe is rising but just not as fast as bitcoin charging bull.

I was watching this carefully, XRP was evaluating agiasnt BTC until about 20 HRS ago, it then dropped massively and then BTC did a jump to its high, and XRP dropped more.

To me it appears XRP dropped just before the BTC took of today.

to give you and idea

XRP B16/A22 BTC 33 (ish) 20 hours ago

then
XRP B35/A40 BTC 33 ish

then

BTC ---> 40

XRP B4X/A5X

To me it looked like  XRP went BEFORE BTC did, like a lead indicator

[misterbigg]

Dropped in value or just dropped again bitcoin? Maybe is rising but just not as fast as bitcoin charging bull.

The price of XRP denominated in Bitcoins definitely dropped, there's no ambiguity here. Now if you want to talk about the price of XRP in US Dollars that's a different story.

[misterbigg]

Here's a quick chart of the week so far:



The units of the vertical axis are Bitcoins per XRP

[jtimon]

Here's a quick chart of the week so far:



The units of the vertical axis are Bitcoins per XRP

Do you have something similar with usd in the vertical axis?

[Peter Lambert]

Here's a quick chart of the week so far:



The units of the vertical axis are Bitcoins per XRP

The Ripple Bubble has popped!