XRP has been on a downtrend owing to a lack of demand for over a week now. The coin has retouched a multi-month low at the time of writing. Broader market weakness also remains to be blamed along with a whirlwind of regulatory roadblocks owing to SEC vs Ripple’s lawsuit.
Overall it hasn’t been a very favourable time for the altcoin. The market capitalisation of XRP has noted a 7% decline over the past 24 hours according to CoinMarketCap. The market capitalisation of the coin was $29.13 billion at the time of writing.
The global crypto market cap was at $1.85 Trillion after a fall of 1.8% over the last day. XRP’s all-time high was $3.84 and at the present market value, XRP has fallen by over 80%.
XRP Price Analysis: Four Hour Chart
XRP was priced at $0.607 on the four-hour chart. Image Source: XRP/USD on TradingView
XRP was priced at $0.607 at press time and it noted a decline of $6.7% over the last 24 hours. In the past week, the digital asset’s market ..
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