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Ripple On Bearish Momentum: 7.19% Down In The Last 6 Hours

ViaNews Editorial Team

December 22, 2020

Ripple On Bearish Momentum: 7.19% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 22:03 EST on Mon 21 Dec, Ripple is at $0.49 and down by 7.19% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.53 and the lower value was $0.48.

Over the last twelve hours, Ripple's higher value was $0.53 and the lower value was $0.48.

Regarding Ripple's daily highs and lows, it's 2.271% up from its trailing 24-hour low of $0.48 and 12.339% down from its trailing 24-hour high of $0.56.

Regarding Ripple's yearly highs and lows, it's 326.499% up from its 52-week low and 36.081% down from its 52-week high.

Last days news about Ripple

Ripple to face SEC suit over XRP cryptocurrency. According to The Wall Street Journal on Tue Dec 22, "Ripple had a $10 billion valuation in its most recent funding round in 2019, and XRP is the third-largest cryptocurrency by market value.", "None of those companies, though, was as big as Ripple and XRP. "

News about Bitcoin

The CIO of a new crypto fund that has returned 220% to investors this year explains why Bitcoin topped $20,000 for the first time ever this week - and shares another digital currency set to become.... According to Business Insider on Sat Dec 19, "Bitcoin was once derided by serious investors as a bubble or a Ponzi scheme. ", "Bitcoin's 212% rally this year is driven by all types of new investors who had never invested in bitcoin but are now jumping on the bandwagon, Hougan said."

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, "Bitcoin's awe-inspiring surge to record highs has investors racing for exposure to the rally -- even if it means paying an absurdly high markup.", "For those investors looking for access to Bitcoin but who are reluctant or unsure how to get direct exposure, the ease of buying products like BITW or GBTC through a brokerage platform trumps the extra cost."

Elon Musk inquired on twitter about 'large' Bitcoin transactions after a crypto booster suggested he convert Tesla's balance sheet. According to Business Insider on Mon Dec 21, "Before the exchange with Saylor, he tweeted "Bitcoin is my safe word," but then followed up by saying, "Just kidding, who needs a safe word anyway!?"", "Following the Saylor conversation, Musk tweeted: "Bitcoin is almost as bs as fiat money," and then suggested to his followers he's a fan of Dogecoin, a parody cryptocurrency."

In this story · Knowledge Files

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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