XRP Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP (CRYPTO: XRP) has seen a 4.48% decrease in price over the last 24 hours, falling to $0.58, despite a 2.0% gain over the past week. The trading volume has decreased by 3.0%, while the circulating supply has increased by 0.1%, bringing it to 54.27 billion, which is 54.27% of the max supply. XRP's market cap is currently ranked #6 at $31.32 billion.
January 12, 2024 | 7:00 pm
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NEGATIVE IMPACT
XRP has experienced a 4.48% price drop to $0.58 over the last day, diverging from its recent upward trend. The market cap remains strong at $31.32 billion, ranking 6th.
The short-term impact on XRP is negative due to the recent price decline. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the market cap ranking indicates XRP still holds a significant position in the market, which may limit the downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100