XRP slipped below $1 on Friday for the first time since August. The cause lies less in any single piece of Ripple news than in the derivatives market: leveraged long positions were force-closed one after another, and each of these forced sales pushed the price a little lower. Late on Friday evening XRP traded at $1.008, according to CoinGecko, after a daily low just below $1.
The move did not come alone. Bitcoin lost 4.3 percent on the same day and stood at $68,291 on Friday evening; on the week it is down 9.9 percent. XRP fell 13.6 percent over the same week, considerably more than the largest cryptocurrency. For investors in the EU, two practical questions now arise: how much leverage a position can bear in this market, and which provider to use if you want to add to a holding.
XRP price on Friday: A low between $0.996 and $1.00
The exact daily low depends on the exchange. The average across many trading venues reported by CoinGecko stood at $0.9998 in the 24 hours to late Friday evening. On Binance XRP fell as low as $0.9975, while U.Today cites a...
English (US)