XRP Fell More Than 7% In 24 hours Before Rising Back

The price of XRP decreased 7.47% over the past 24 hours to $0.60, continuing its downward trend over the past week of -2.0%, falling from $0.628.

The chart below compares the price movement and volatility for XRP over the past 24 hours (left) to its price movement over the past week (right). 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

See Also: Dogecoin Decreased More Than 8% Within 24 hours

XRP’s trading volume has climbed 12.0% over the past week along with the circulating supply of the coin, which has increased 0.22%. 

This brings the circulating supply to 53.96 billion, which makes up an estimated 53.96% of its max supply of 100.00 billion. According to our data, the current market cap ranking for XRP is #5 at $32.94 billion.

Currently, the price of XRP has recovered from its fall to regain its $0.62 position.