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XRP, which recorded a value loss exceeding 10% in the last week, started the day with a rise as Bitcoin, the leading cryptocurrency, reached the price levels of $29,300 after a value increase of nearly 1%. However, XRP, which started to fall again during the day, could not record a clear rise in the last 24 hours and started trading at $0.61 price levels.
Market Starts the Day with an Increase
Although the stablecoin move of payment giant PayPal did not cause a sharp rise in the cryptocurrency market, Bitcoin (BTC), the leading cryptocurrency, started the day with low rate value increases. Most of the cryptocurrencies with high market value started to rise again in the morning and recorded value increases of about 1% during the day. The total market value of the cryptocurrency ecosystem reached $1.17 trillion, according to CoinMarketCap (CMC) data.
XRP, which has caught a downward momentum with double-digit value losses in the last week, also started the day with a rise and started trading at $0.62 levels after a 0.5% value increase in the last 24 hours.
What is the Current Situation of XRP?
XRP, which experienced a strong rise in the middle of July due to the XRP decision in the Ripple case and recorded high rate value increases in a short period of time, reached $0.93 price levels during this process. XRP, which recorded strong rises in a short period of time, started to fall again in the last weeks.
XRP, which has recently gained a strong downward momentum again, accelerated the value losses and recorded a value loss exceeding 10% in the last week, falling to $0.6 price levels. XRP, which started to rise with the market starting the day with an increase, recorded a low rate value increase of 0.5% in the last 24 hours.
During the time the article was written, XRP, which is trading at $0.62 price levels, also experienced an increase of about 25% in its trading volume in the last 24 hours. XRP’s total trading volume in the last 24 hours exceeded $1.3 billion.
