XRP plunges to 20-month low in Wednesday afternoon trading
XRP has continued to struggle in today’s trading session, especially in the early morning, when its price fell to as low as $0.256. The digital coin has managed to pick up in more recent trading and is currently hovering around $0.26.
The price plunge has also coincided with a big increase in trading volume. XRP’s daily trading volume reached $1.79 billion on Wednesday, more than doubling the $853 million generated during the preceding session. The most recent market data suggests that the market activity has been even stronger today, which possibly reflects XRP’s struggles to remain above $0.26. According to the data, some $2.14 billion worth of XRP tokens have changed hands over the past 24 hours.
In today’s trading, the XRP price stood at $0.262, as of 14:53 BST. The coin has lost 10% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $11.27 billion, which makes XRP the third-largest digital currency on the market.
Featured image: Stanslavs / Shutterstock.com
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The post XRP plunges to 20-month low in Wednesday afternoon trading appeared first on The Independent Republic.
source: https://theindependentrepublic.com/xrp-plunges-to-20-month-low-in-wednesday-afternoon-trading/
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