XRP Slips Below $1: Is Its Top-Five Ranking in Jeopardy?

Share

XRP fell to $0.972 after nine consecutive sessions of losses, bringing its weekly decline to nearly 16%. Strength in the U.S. dollar, driven by inflation data hotter than expected, weighed on the broader crypto market. According to CoinMarketCap, XRP slipped to sixth place with a market capitalization of $62.72 billion, behind the USDC stablecoin. Santiment reports that the number of wallets holding at least 10,000 XRP rose by 5.15% over nine months to approximately 343,500. The $1 level is now decisive: holding above it could pave the way for $1.10 to $1.15, while a break accompanied by a reversal in large-holder activity could send XRP toward $0.77.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items