Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading

Ripple’s XRP token fell to a 2.5-week low today, and is looking at a more or less sideways movement in the short-term, chart analysis suggests.

The world’s third-largest cryptocurrency by market capitalization fell to the low of $1.23 at 09:54 UTC today before regaining a little poise, data source CoinMarketCap indicates. Further, XRP is still down 23 percent over the last 24 hours. At press time, XRP is trading at $1.39.

As per OnChainFX, XRP is down 63.41 percent from the record high of $3.84 set Jan. 4.

A look at the charts suggests XRP may have found a bottom and could consolidate in the next 36–48 hours before possibly resuming the sell-off…

Read Full: Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading