Why Is XRP Down Today? Is A Correction Or Ascent In Sight For Ripple?
Ripple underwent a major correction over the weekend, and its price tanked to $0.59 at press time. XRP was trading at $0.61 and was pushed to lower levels of $0.57 before eventually catching up and hitting $0.59. At press time, the token is down 0.93%, and it seems like it may recover its lost momentum soon. But what caused its correction, and why is it important to know? Let’s find out. Also Read: Cryptocurrency Domain Gains New Ally As Kamala Harris Steps In XRP Plummets Due To Ripple’s Co-Founder 40M Transaction: What’s Happening Despite its major win against the US SEC, the price of Ripple is still undergoing a vital consolidation phase. The token is yet to hit a significant price milestone and is consistently battling an intense resistance level of $0.60 to adopt a bullish pace ultimately. In the middle of it, XRP co-founder Chris Larsen’s wallet was found making an online transaction. The recent transactions have become a centre of speculation and scrutiny, shedding li...