The post Why XRP Price is Down Today? appeared first on Coinpedia Fintech News
The cryptocurrency market records a liquidation of over $613 million in 24 hours with Bitcoin price struggling to hold its value above the $100k mark. Further, the XRP price has dropped below $3 by dropping over 6% in 24 hours. Amid a sharp decline in the transactional activity of Ripple, its native token has taken a strong hit.
With the top cryptocurrencies experiencing a strong bearish outlook, will the XRP price hold its support of $2.75 this week? In this article, we have covered the possible short-term Ripple price analysis just for you!
Ripple Price Records A Strong Bearish Reversal!
The XRP price has lost 6.23% in its valuation with a trading volume of $6.28 billion, a change of +102.63%. Moreover, it has plunged over 9% in seven days. This highlights an increase in the selling pressure for the 03rd largest cryptocurrency in the market.
TradingView: XRP/USDT
Reportedly, the XRP coin price
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