Ripple On Bearish Momentum: 5.52% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 03:03 EST on Tue 22 Dec, Ripple is at $0.47 and down by 5.52% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.49 and the lower value was $0.47.

Over the last twelve hours, Ripple’s higher value was $0.53 and the lower value was $0.47.

In relation to Ripple’s daily highs and lows, it’s 1.021% down from its trailing 24-hour low of $0.47 and 15.418% down from its trailing 24-hour high of $0.55.

In relation to Ripple’s yearly highs and lows, it’s 304.17% up from its 52-week low and 39.427% down from its 52-week high.

Last days news about Ripple

Ripple to face SEC suit over XRP cryptocurrency. According to The Wall Street Journal on Tue Dec 22, “Ripple Inc. said it will defend itself against a lawsuit from the Securities and Exchange Commission that claims the company violated investor-protection laws when it sold a bitcoin-like digital asset called XRP.”, “Ripple had a $10 billion valuation in its most recent funding round in 2019, and XRP is the third-largest cryptocurrency by market value.”

News about Bitcoin

The CIO of a new crypto fund that has returned 220% to investors this year explains why Bitcoin topped $20,000 for the first time ever this week – and shares another digital currency set to become…. According to Business Insider on Sat Dec 19, “It’s much more institutional than it was in the past and I think that raises the likelihood that we’ll see a Bitcoin ETF sooner than later,” he said.”, “Bitcoin has surged into the stratosphere this year, but it is by no means the best-performing cryptocurrency.”

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, “At BITW’s 358% premium — which doesn’t just hold Bitcoin — that sum balloons to $104,424.”, “Bitcoin’s awe-inspiring surge to record highs has investors racing for exposure to the rally — even if it means paying an absurdly high markup.”

Elon Musk inquired on twitter about ‘large’ Bitcoin transactions after a crypto booster suggested he convert Tesla’s balance sheet. According to Business Insider on Mon Dec 21, “Before the exchange with Saylor, he tweeted “Bitcoin is my safe word,” but then followed up by saying, “Just kidding, who needs a safe word anyway!?””, “Following the Saylor conversation, Musk tweeted: “Bitcoin is almost as bs as fiat money,” and then suggested to his followers he’s a fan of Dogecoin, a parody cryptocurrency.”