XRP Rebounds to $2 With 4% Hourly Surge: Details
The post XRP Rebounds to $2 With 4% Hourly Surge: Details appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP, the fourth largest cryptocurrency by market capitalization, plunged as much as 16% in today’s trading session, as the broader crypto market decline accelerated on Friday. XRP temporarily dipped below $2, reaching an intraday low of $1.95. Cryptocurrencies fell this week as prospects for looser U.S. monetary policy dampened speculative zeal. Bitcoin plummeted to a low of $92,115 in Friday’s session. The decline hit heavily on alternative cryptocurrencies, or altcoins; the crypto market capitalization has dropped 9.35% in the last 24 hours, one of the largest single-day drops this year. XRP/USD Hourly Chart, Courtesy: TradingView According to CoinGlass data, cryptocurrency liquidations in the last 24 hours totaled $1.4 billion, with bullish bets accounting for the bulk ($1.2 billion). XRP accounted for $42.55 million of this total figure. Amid the market rout, XRP likewise declined until its price hit support at $1.95, where it sharply rebounded. In the process, XRP quickly recovered past $2, marking a 4% surge within just one hour. This rise has led to $2.04 million short positions liquidated in the last hour alone; XRP longs accounted for $220,400 alone out of a total of $2.26 million liquidations seen. Related At the time of writing, XRP was trading at $2.14, albeit down 7.77% in the last 24 hours. Going forward, holding the $2 level might…
Filed under: News - @ December 20, 2024 10:22 pm