XRP Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP (CRYPTO: XRP) has seen a 4.8% decrease in price over the last 24 hours, now at $0.54, despite a 2.0% increase over the past week. Trading volume has risen by 44.0%, while the circulating supply dropped by 0.56%, with XRP's market cap ranking at #6 ($29.35 billion).
February 21, 2024 | 3:01 pm
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NEGATIVE IMPACT
XRP's price has decreased by 4.8% in the last 24 hours to $0.54, despite a recent uptrend. The trading volume has increased significantly, and the circulating supply has slightly decreased.
The short-term price decrease of 4.8% in XRPUSD, despite a weekly uptrend, indicates a potential volatility in the market. The increase in trading volume suggests heightened activity, possibly leading to further price fluctuations. The slight decrease in circulating supply could have contributed to the price drop but was not enough to maintain or increase the price, given the other market dynamics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100