News XRP price threatens to break new ground below $0.26

XRP price threatens to break new ground below $0.26


- Advertisment -

XRP has now fallen back to $0.26, after losing almost 4 percent of its value in the last 24 hours. The cryptocurrency has now experienced back to back daily losses since August 18. Its price has slumped to where XRP sat before the bull run of late 2017 and early 2018, a far cry from its high of $3.50. If its price keeps sliding, it will start testing lows not seen since mid-2017.

August has been a tumultuous month for XRP. Its value has collapsed from $0.33, down 20 percent, and follow an equally bloody July for the cryptocurrency.

Once the coin broke below $0.30—where it had found a base for several months—its next level of support appears to be around $0.26. However, it has been dipping below this number and if it continues to break it, then more painful losses could be on the way.

Despite being one of the best performers of 2017, XRP has been one of the worst in 2019, losing a quarter of its remaining value since the year began. This occurred during a time when several other major cryptocurrencies posted substantial gains, with Bitcoin up more than 170 percent this year.

Is XRP dead in the water or can it come back to life?



Please enter your comment!
Please enter your name here

Latest news

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...
- Advertisement -XRP price threatens to break new ground below $0.26

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Must read

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly...
- Advertisement -

You might also likeRELATED
Recommended to you