Ripple XRP Falls 3%, Can It Reclaim $0.60 This Week
The cryptocurrency market slightly recovered over the weekend, with Bitcoin (BTC) briefly reclaiming the $64,000 level. Ripple XRP hasn’t followed that path directly, rising over the weekend but slipping back down 3% on Monday. At press time, XRP is trading down at $0.5862. Following its temporary pump to $0.62, investors were hopeful the coin could breach 63 cents, but it failed to do so. Now, Ripple’s native currency is hoping just to return to the 60-cent threshold over the coming days. XRP was performing well last week, in part thanks to Bitcoin’s success. The top cryptocurrency by market cap traded well, jumping 7% last week to above $63,000. When BTC performs well, typically the rest of the crypto market follows suit. On Monday, BTC fell back down a bit, by 2%, which caused XRP to do the same. Also Read: Ripple: 20% Institutional Investors Hold XRP, Study Confirms The weekend market rally is likely due to Federal Reserve chair Jerome Powell’s announcement of inte...