Ripple Dips Below 0.29663 Level, Down 13.75%

Investing.com reported that Ripple fell below the $0.29663 mark on Saturday. As of 01:10 (05:10 GMT), Ripple was trading at $0.29663, representing a decline of 13.75% for the day. This marked the largest single-day percentage drop since April 25.

This downward movement reduced Ripple’s market capitalization to $12.00 billion, constituting 5.70% of the total cryptocurrency market cap. At its peak, Ripple’s market cap had reached $79.53 billion.

In the previous 24 hours, Ripple traded within a range of $0.29663 to $0.31958. Over the past week, the value of Ripple has decreased significantly, with a loss of 30.68%. The trading volume for Ripple in the 24 hours leading up to this report was $262.37 million, accounting for 2.02% of the total trading volume in the cryptocurrency market. In the last week, Ripple has fluctuated between $0.29663 and $0.43673.

Currently, Ripple’s price is still down 90.98% from its all-time high of $3.29, which was achieved on January 4.

In other cryptocurrency trading news, Bitcoin was last quoted at $6,036.90, down 6.65% for the day, while another unnamed cryptocurrency was trading at $314.96, having dropped 14.53%. Bitcoin’s market capitalization currently stands at $105.72 billion, representing 50.24% of the overall cryptocurrency market, while Ethereum’s market cap amounts to $32.52 billion, or 15.45% of the total market value for cryptocurrencies.