The cryptocurrency market was briefly bearish on Tuesday, with Bitcoin briefly falling below $69,000. Ether also dropped near the $2,000 psychological level before bouncing back. XRP, the native coin of the Ripple ecosystem, briefly dropped to the $1.38 zone, with the bulls holding the Monday low of $1.36 despite the selloff. It has now bounced back and currently trades at $1.422 per coin. The recovery comes despite cooling retail and institutional demand for XRP products. Retail and institutional demand for XRP cools XRP is up by 1% in the last 24 hours and now trades at $1.422 per coin.
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