The price of XRP slid below $0.43 on Friday, hitting a new low for 2018.
The world’s third-largest cryptocurrency by market capitalization fell to $0.424 at 13:00 UTC, surpassing the prior low of $0.438 seen just five days ago on the Bitfinex exchange. XRP has not recorded a daily close below $0.42 since December 12th, 2017.
As of press time, the figure has risen above the low, back to averaging a price of $0.43. Current prices reflect a 24-hour drop of 3.5 percent and a 14 percent decline week-to-week.
Market bears will look to strengthen their grip if the current level of $0.43 cannot hold as XRP is not accompanied by any neighboring technical support. The strongest layer of support may not be seen until $0.19…