XRP struggles to defend $0.40 in lacklustre Thursday trading

XRP struggles to defend $0.40 in lacklustre Thursday trading

XRP’s struggles reflect a larger trend observed across the digital currency market. After seeing steep drops during this week’s earlier sessions, most major digital coins have managed to weather the storm, but do not have enough momentum to stage a recovery rally. For example, during the final hours of yesterday’s session, Bitcoin (BTC) rallied from $7,699 to a close of $7,824.23. But while the coin saw some positive price action today, it has plunged into the negative territory in more recent trading.

In today’s trading, the XRP price stood at $0.398, as of 14:58 BST. The digital currency has lost 0.3% in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $16.8 billion.

Featured image: Wit Olszewski / Shutterstock.com

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The post XRP struggles to defend $0.40 in lacklustre Thursday trading appeared first on The Independent Republic.


source: https://theindependentrepublic.com/xrp-struggles-to-defend-0-40-in-lacklustre-thursday-trading/

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