XRP Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP's price has decreased by 6.06% over the past 24 hours to $0.68, contrary to its performance over the past week where it experienced an up-trend of 15.0%. The trading volume of XRP has climbed 7.0% over the past week and the circulating supply of the coin has increased 0.24%, bringing the circulating supply to 53.62 billion. The current market cap ranking for XRP is #5 at $36.31 billion.
November 07, 2023 | 3:00 pm
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NEGATIVE IMPACT
XRP's price has seen a 6.06% decrease in the last 24 hours, despite a 15% increase over the past week. The trading volume has increased by 7.0% and the circulating supply by 0.24%.
The news directly reports on the performance of XRP, indicating a recent drop in price. This could potentially lead to a short-term negative impact on its price. However, the increase in trading volume and circulating supply could indicate a higher demand, which might offset the price drop in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100