Ripple's XRP is trading lower by 6.23 percent at $1.52 in Friday's session.
From its Nov. 30 low just under 23 cents, XRP rallied over 1,500 percent when it peaked Jan. 4 at $3.84. XRP posted its all-time closing high on Jan. 7 at $3.38.
At the pinnacle of its rally, it supplanted Ethereum with the second highest market capitalization in the space.
XRP was in midst of a four-day losing streak and finally bottomed on Wednesday just under 90 cents; it rebounded to close at $1.31. That marked its first time under $1.00 since Dec. 24 and coincided with its Dec. 24 low of 91 cents. It recovered to end the session at $1.31.
On Thursday, XRP continued to climb towards the $2.00 area, but came up shy at $1.73. Early in Friday's session, it peaked just ahead of that level at $1.70 and has trended lower, but still remains well above Thursday's low of $1.26.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
