As per data source OnChainFX, the world’s second largest cryptocurrency by market value is down 15 percent from a record high of $3.84 set yesterday. Over 24 hours, XRP is down 10 percent.
A look at the top 10 ripple markets shows that the sharp retreat from the yesterday’s high is mainly due to losses in the XRP/KRW (Ripple-Korean won) pair. Also, profit taking in XRP/BTC (Ripple-bitcoin) may have played a role in dragging down XRP.
While the price action looks toppy, the technical charts indicate there is scope for a deeper pullback. As of writing, XRP is trading below $3.00 on western exchanges, while, in Asia, the price is still well above $3.50 levels…
Read Full: Ripple Eyes Retreat After Record Price Highs