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Ripple Falls 17.37% In Bearish Trade

Published 12/31/2000, 07:00 PM
Updated 08/08/2018, 05:14 PM
© Reuters.

Investing.com - Ripple was trading at $0.33148 by 17:13 (21:13 GMT) on the Investing.com Index on Wednesday, down 17.37% on the day. It was the largest one-day percentage loss since January 16.

The move downwards pushed Ripple's market cap down to $13.23B, or 5.93% of the total cryptocurrency market cap. At its highest, Ripple's market cap was $79.53B.

Ripple had traded in a range of $0.32011 to $0.37836 in the previous twenty-four hours.

Over the past seven days, Ripple has seen a drop in value, as it lost 24.33%. The volume of Ripple traded in the twenty-four hours to time of writing was $376.89M or 2.32% of the total volume of all cryptocurrencies. It has traded in a range of $0.32011 to $0.44800 in the past 7 days.

At its current price, Ripple is still down 89.92% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,305.6 on the Investing.com Index, down 9.2% on the day.

Ethereum was trading at $356.34 on the Investing.com Index, a loss of 8.18%.

Bitcoin’s market cap was last at $109.29B or 48.95% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $36.39B or 16.30% of the total cryptocurrency market value.

Latest comments

XRP is one of the few cryptocurrencies that actually has a case usage in that it is mean to work as a bridge currency to facilitate transfer from one fiat to another in less than 4 seconds. Its aim is to ultimately replace SWIFT. Xrapid, which will use this coin, plans on going live in less then 2 months and has several banks and payment providers on board and there is another 121 banks using Xcurrent which is Ripple's other more expensive platform. This just demonstrates the lack of sophistication and blind hate of anything having to do with finance with the crypto community...but the few that are left holding when the coin goes live will be rewarded IMO.
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