Ripple Falls 17.37% In Bearish Trade
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Investing.com - Ripple (https://www.investing.com/crypto/ripple/xrp-usd) was trading at $0.33148 by 17:13 (21:13 GMT) on the Investing.com Index on Wednesday, down 17.37% on the day. It was the largest one-day percentage loss since January 16.
The move downwards pushed Ripple's market cap down to $13.23B, or 5.93% of the total cryptocurrency market cap. At its highest, Ripple's market cap was $79.53B.
Ripple had traded in a range of $0.32011 to $0.37836 in the previous twenty-four hours.
Over the past seven days, Ripple has seen a drop in value, as it lost 24.33%. The volume of Ripple traded in the twenty-four hours to time of writing was $376.89M or 2.32% of the total volume of all cryptocurrencies. It has traded in a range of $0.32011 to $0.44800 in the past 7 days.
At its current price, Ripple is still down 89.92% from its all-time high of $3.29 set on January 4.
Elsewhere in cryptocurrency trading
Bitcoin (https://www.investing.com/crypto/bitcoin/btc-usd) was last at $6,305.6 on the Investing.com Index, down 9.2% on the day.
Ethereum (https://www.investing.com/crypto/ethereum/eth-usd) was trading at $356.34 on the Investing.com Index, a loss of 8.18%.
Bitcoin’s market cap was last at $109.29B or 48.95% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $36.39B or 16.30% of the total cryptocurrency market value.
Source: Investing.com (https://www.investing.com/news/cryptocurrency-news/ripple-falls-1737-in-bearish-trade-1566503)