There are two things people are more interested in when it comes to Ripple (XRP). It’s either they are looking for the price analysis of the coin, or they want to know if the software firm (Ripple) has announced anything new. In this article is the market performance of the digital currency.
Ripple Price Today: Current Price of XRP
Ripple is still ranked the third most valuable digital currency in the world, with a market cap of $21.15 billion and a trading volume of $271.07 million in the last twenty-four hours. The digital currency is trading at $0.5431 after a decrease of 6.8 percent in the last twenty-four hours.
Ripple (XRP) Price Analysis
Ripple saw some decrease in value over the weekend. The value of the coin avoided significant declines but did spend the trading session on Sunday in a tight corner. Yesterday, the value of the coin started at $0.535 and ended the day at $0.528.
Earlier today, the digital currency continued its downward movement but it started corrective higher later. At the moment, the digital currency has revived itself and surged above its lows of $0.512 earlier today. The performance of Ripple (XRP) today is in accordance with the general performance of the digital currency market.
A lot of digital currencies began the day in the red, showing losses over the last twenty-four hours. Nevertheless, most of the coins that were deep in the red this morning have managed to find their ways to the green territory. But will the gains last? The digital currency market doesn’t close, so it is possible for the digital currency to plunge back into the red.
Ripple Price Takeaway
It is going to be crucial to keep an eye on the digital currency this week. There might be some more information from the US SEC about whether XRP is a security or not, and this should have a significant effect on the value of the coin –bad or good.