Ripple price news: What is the price of Ripple? Is XRP falling?
The cryptocurrency market is floating in the green today, despite heavy criticism from a number of analysts. Ripple rose by 0.65 percent today to trade at $0.497935 as of 9pm BTS. The rest of the market saw minor gains, with Bitcoin trading at $6,692.80, Ethereum for $474.65 and Litecoin for $86.99. Last night almost saw red sweep the market when Binance announced an unexpected system maintenance caused the exchange to freeze all actions on the platform. Trading resumed earlier today.
Is XRP falling? Ripple prices rally slightly today despite a week of bad news for the cryptocurrency market. Despite being in the top three cryptocurrencies on the market, Ripple has also struggled to shake off regulation speculation, hacks and volatile trading. XRP has established itself as a benchmark digital token for partnership, with some of the world’s biggest banks and finch services announcing partnerships and deals with the coin. The market is well known for its volatility, but the recent losses have rocked investor confidence significantly.
GETTY Ripple price news: What is the price of Ripple? Is XRP falling?
CoinMarketCap RIPPLE prices have stabilised slightly after a dismal week of trading
This wasn’t helped when Binance revealed it would be unexpectedly be taken offline due to system maintenance. Some experts speculated hackers were able to exploit a vulnerability in the Syscoin API at the currency exchange. Prices have stabilised but there is little hope for a rally in the coming days. There is still a huge amount of potential left in the cryptocurrency market but Evgeny Chereshnev, the founder of tech firm Biolink, told the Sun there is no future for the money-grabbing industry.
CoinMarketCap Ripple rose by 0.65 percent today to trade at $0.497935