XRP Cryptocurrency Falls By 4% In The Last 6 Hours

(VIANEWS) – XRP (XRP-USD) Cryptocurrency is currently on bearish momentum by 4.36% in the last 6 hours. At 22:25 EST on Friday, 16 July, XRP (XRP-USD) is at $0.5749.

Volume

Today’s last reported volume for XRP is 1434215181, 78.73% below its average volume of 6741714550.92.

All-Time High and Low

XRP’s current value is at $0.57, 83.07% below its all-time high of $3.4 on Sunday, 7 January.

XRP’s current value is at $0.57, 21321.65% above its all time low of $3.4 on Thursday, 22 May.

Market Cap and Supply

XRP’s current market cap is at 26590048673. The total supply is 100,000,000,000.00, maximum supply is 100,000,000,000.00, and the circulating supply is 46,216,687,135.00.

XRP (XRP-USD) Range

Regarding XRP’s daily highs and lows, it’s 0.87% up from its trailing 6 hours low of $0.5700 and 4.18% down from its trailing 6 hours high of $0.6000.

Social Status

Currently, XRP (XRP-USD) has 1920499 Twitter followers and 322631 Reddit subscribers.

As of now, on Github, there are 1236 forks, 3886 stars, and 508 subscribers.

Volatility

XRP’s last week, last month’s, and last quarter’s current volatility was a negative 1.02%, a negative 0.96%, and a positive 5.81%, respectively.

XRP’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 2.20% (last week), 4.59% (last month), and 5.81% (last quarter), respectively.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, XRP’s crypto is considered to be overbought (>=80).

Other News About XRP (XRP-USD)

Ripple labs can question former SEC official in suit over XRP. According to Bloomberg Quint on Thursday, 15 July, “Ripple has said the SEC can’t regulate XRP because, as a virtual currency used in international and domestic transactions, it’s a medium of exchange and not a security.”, “Ripple Labs Inc. can question a former Securities and Exchange Commission official about the agency’s policy decisions as the company fights a lawsuit accusing it of misleading investors about its XRP cryptocurrency, a federal judge ruled.”

News about Bitcoin

Bitcoin slides while chatter about central bank rivals increases. According to Bloomberg Quint on Thursday, 15 July, “Meanwhile, hardcore enthusiasts who have been arguing that Bitcoin and some other cryptocurrencies are a hedge against rising consumer prices and excessive money printing from global central banks are seeing that argument put to the test amid hotter-than-expected inflation prints in the U.S.”, “That challenges Bitcoin in a way, it challenges the dominance of Bitcoin but it actually adds credibility to the whole idea of digital currencies.”

Has Tesla stock decoupled from big tech stocks like Apple, Facebook due to Bitcoin?. According to Benzinga on Thursday, 15 July, “Tesla CEO Elon Musk later caused a stir in the cryptocurrency markets when he said in May that his company will no longer accept Bitcoin for vehicle purchases over concerns of the cryptocurrency’s environmental impact. “, “While reporting its first-quarter earnings in April, Tesla said it sold $272 million worth of its Bitcoin holdings in the quarter.”

Crypto insiders posit Bitcoin price floor around $30,000 level. According to Bloomberg Quint on Friday, 16 July, “Konstantin Richter, chief executive officer and founder of Blockdaemon, a blockchain infrastructure provider, holds out hope for institutional demand, arguing Bitcoin would have to drop below $20,000 before institutions start questioning “the validity of the space.”

More news about XRP (XRP-USD).