XRP Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP (CRYPTO: XRP) has seen a 3.27% decrease in price over the last 24 hours, continuing a negative trend with a 5.0% loss over the past week. The trading volume has decreased by 38.0%, while the circulating supply increased slightly by 0.04%. XRP's market cap ranking is currently #6 at $33.61 billion.
March 22, 2024 | 7:00 pm
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NEGATIVE IMPACT
XRP has experienced a 3.27% price decrease over the last 24 hours and a 5.0% decrease over the past week, with its market cap ranking at #6.
The decrease in XRP's price over both the last 24 hours and the past week, combined with a significant drop in trading volume, suggests a negative short-term impact on its valuation. The slight increase in circulating supply may also contribute to the price pressure. However, maintaining a top 6 market cap ranking indicates underlying strength and investor interest, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100