XRP Falls 12% In Bearish Trade

XRP Falls 12% In Bearish Trade

Investing.com - XRP was trading at $1.07054 by 21:08 (01:08 GMT) on the Investing.com Index on Saturday, down 11.85% on the day. It was the largest one-day percentage loss since September 7.

The move downwards pushed XRP's market cap down to $49.78118B, or 2.43% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B.

Our top trading bots

XRP had traded in a range of $1.05305 to $1.07176 in the previous twenty-four hours.

Over the past seven days, XRP has seen a drop in value, as it lost 17.01%. The volume of XRP traded in the twenty-four hours to time of writing was $7.74039B or 5.48% of the total volume of all cryptocurrencies. It has traded in a range of $0.9617 to $1.4152 in the past 7 days.

At its current price, XRP is still down 67.46% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $45,268.0 on the Investing.com Index, down 3.46% on the day.

Ethereum was trading at $3,252.50 on the Investing.com Index, a loss of 5.78%.

Bitcoin's market cap was last at $850.88782B or 41.45% of the total cryptocurrency market cap, while Ethereum's market cap totaled $380.97305B or 18.56% of the total cryptocurrency market value.

Continue reading about Investing.com
XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains
The mixed crypto market that took hold starting late last year does not offer as many profit opportunities as the blooming altcoin season that came before...
Wall Street open sends Bitcoin to $40K as latest BTC price surge passes 6%
Bitcoin (BTC) got a boost from the start of Wall Street trading on Feb. 28 as U.S. stocks opened to a defining week for markets amid geopolitical tensions.BTC/USD...
NFT drop causes glitch in The Matrix, FTX.US adds Ethereum NFTs, token Baby Sharks...
The Matrix’s NFT revelationsSoaring demand for the Warner Bros.’ Matrix NFT avatar drop on Nifty’s this week caused the website's purchasing page to crash....
Ripple CEO blasts Dogecoin for ‘inflationary dynamics’
The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE).Brad Garlinghouse believes...
Cardano price paints 'death cross' with ADA at two-month lows vs. Bitcoin
Cardano (ADA) has formed a deadly "death cross" on its daily chart against Bitcoin (BTC) — a market signal that's generally seen as a warning of more downside...
The future of the vast oil and gas industry depends on blockchain
The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such,...
Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis
Data from blockchain analytics firm Chainalysis suggests that Bitcoin (BTC) may not be the hedge against inflation that many seem to believe it is.“Right...
PrimeDAO raises $2M to build cooperative platform for DAOs
PrimeDAO, a project seeking to facilitate greater coordination and cooperation between decentralized autonomous organizations (DAOs) in the DeFi sector,...
NYAG shuts down Coinseed for converting customer funds into DOGE without consent
The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On...
Twitter to allow users to add BTC and ETH addresses to profiles: Screenshots
Twitter appears to be developing functionality that enables users to add Bitcoin and Ethereum addresses to their profiles. The latest update is believed...
Unstable Bitcoin price to pivot investment flow to gold, mining chief says
Jake Klein, CEO of Australian gold mining establishment Evolution Mining, has said that crypto price volatility will make gold a far more attractive proposition.Speaking...
Here's why pro traders expect further downside from Ethereum price
Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200%...
Don’t blame crypto for ransomware
Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good...
Kazakhstan’s government to create roadmap for developing crypto market
Kazakhstan’s government is forming a roadmap to stimulate the development of the cryptocurrency industry and blockchain technology in the country.State...
Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb
According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant...