XRP, which has experienced a strong downward momentum in the past month and lost nearly 30%, also recorded a decline of over 10% in the past week. However, with BTC reversing its direction during the day, many cryptocurrencies, including XRP, started to rise again.
Crypto Currency Market Bounces Back
The crypto currency market, which has experienced a strong downward momentum since last Friday, has bounced back during the day. The leading cryptocurrency, Bitcoin (BTC), started the day with minor losses. However, after the announcement of PMI data, the leading cryptocurrency started to rise again and began trading at around $26,400 with the recent value increases it has achieved.
Most altcoins in the crypto currency market started to rise during the day thanks to the value increases in BTC. XRP, which has recorded a value increase of nearly 3% in the last 24 hours, reached $0.52 levels.
What’s the Latest with XRP?
With the crypto currency market bouncing back during the day, XRP, which has recorded a value increase of nearly 3% in the last 24 hours, started trading at $0.52 levels. However, it has experienced a strong downward momentum in the past weeks. After a strong rise in July due to the decision in the Ripple case, the trend in XRP has largely reversed in recent weeks.
XRP, which has lost nearly 30% in the past month, has accelerated the downward price movements during this period and fell below the $0.5 levels last Friday and started trading at around $0.48 levels for a short period of time. However, XRP managed to rise again within a short period of time and maintain the $0.5 levels, but it has also recorded double-digit value losses in the past week.
