XRP Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP (CRYPTO: XRP) has seen a 3.03% price drop in the last 24 hours, continuing a negative trend with a 9.0% decrease over the past week. The trading volume has fallen by 64.0%, while the circulating supply has risen by 0.54% to over 54.34 billion, which is 54.34% of its max supply. XRP's market cap is currently ranked #6 at $29.98 billion.
January 18, 2024 | 7:01 pm
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NEGATIVE IMPACT
XRP has experienced a significant price decrease and a drop in trading volume, indicating a bearish trend in the short term.
The price of XRP has fallen significantly, which is typically a bearish indicator. The decrease in trading volume suggests less market activity and interest, which could further contribute to downward pressure on the price. The increase in circulating supply without a corresponding increase in demand could also negatively impact the price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100