XRP Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP (CRYPTO: XRP) has seen a decrease of 3.7% in its price over the last 24 hours, now at $0.61, despite a 2.0% increase over the past week. Trading volume has decreased by 26.0%, while the circulating supply has slightly increased. XRP's market cap ranks it 7th at $33.61 billion.
March 27, 2024 | 7:01 pm
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NEGATIVE IMPACT
XRP's price has decreased by 3.7% in the last 24 hours to $0.61, despite a recent uptrend. The trading volume has seen a significant decrease, and the circulating supply has marginally increased.
The short-term price impact for XRPUSD is likely negative due to the recent 3.7% decrease in price, coupled with a significant drop in trading volume. These factors indicate a potential decrease in demand or interest in XRP in the immediate term, which could further pressure the price downward. However, the slight increase in circulating supply might not have a significant impact on the price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100