XRP Price Crashes 20%, Reversing Huge Market Rally – Decrypt


The price of XRP, the third-largest cryptocurrency by market cap, today fell by 18.64%, according to data from CoinMarketCap.

After hitting daily highs of $0.71 at 15:19 UTC, the price of XRP fell sharply at about 20:00 from $0.66 to lows of $0.59. The current price of XRP is $0.62 and its market capitalization is $28 billion.

 

However, the dip follows a huge market rally; XRP is still up by 112% in the past week. XRP started rising last Friday. Then, its price was just $0.31.

XRP is far from the only coin to crash today. Bitcoin, the largest cryptocurrency by market cap, fell by 1.68% today to $18,832—in its dip, Bitcoin slips further away from its all-time high of ~$20,000. Ethereum, the second-largest coin by market cap, fell by 4.58% to $580.

Other top coins fell, too: Bitcoin Cash fell by 5.74%; Chainlink by 7.8%; Litecoin fell by 7.1% and Cardano fell by 5.53%.

Coinciding with the drop is the closure of the US stock markets. The S&P 500 fell back from its all-time high and the Dow Jones retreated below 30,000 basis points.

However, all of the top coins are up for the week and are outperforming their former, pre-bull run selves. Bitcoin, which was worth $10,500 at the start of last month, is still far, far above that, at $18,832.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.



READ SOURCE

READ  This Level May Determine If Bitcoin Resumes Bull Market Or "Far More Trouble" - Forbes

LEAVE A REPLY

Please enter your comment!
Please enter your name here