Crypto Market Declining: XRP Falls to Critical Price Levels Again!

Author: COINTURK NEWS

The leading cryptocurrency, Bitcoin (BTC), reached the $29,600 levels yesterday, but it fell back to $29,000 in the morning. XRP, which has gained more than 3.6% in the past 24 hours due to the market’s downward trend, started trading at $0.66 levels.

Crypto Market in Decline

Bitcoin (BTC), the leading cryptocurrency that reached the $29,600 levels with its recent gains, experienced a decline in the early hours of the day and dropped to $29,000 levels. The cryptocurrency market also started the day with a decline due to the losses in BTC.

Ethereum (ETH) also dropped more than 1.2% in the past 24 hours, falling to $1830 levels. The total market value of the cryptocurrency ecosystem decreased to $1.16 trillion according to CoinMarketCap data.

With the market showing a downward trend again, most high market cap cryptocurrencies recorded losses at various rates during the day. XRP, which lost more than 3.5% in the past 24 hours, started trading at $0.66 levels.

XRP Falls to Critical Price Levels Again

Following the US judge’s decision that the sales of XRP by Ripple company do not constitute an investment contract, XRP gained strong momentum in mid-July. XRP, which rose from $0.47 levels to $0.8 levels within hours on July 13, fell to critical price levels again as the market started to decline.

XRP, which has experienced a downward momentum since last week, accelerated its losses after falling below $0.7 levels in the early days of the week, starting the new week with a decline. Within the last 1 week, XRP recorded a loss of nearly 6%, and in the past 24 hours, it lost more than 3.5% and fell to $0.66 levels.