XRP sinks below its August low to the weakest level since November 2024

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Rommie Analytics

XRP fell below its August low overnight into Saturday and is now at its lowest level since November 2024. On the Bitstamp exchange, the XRP price dropped as low as $0.98336 at around 3 a.m. Central European Time. The previous low for the year, set there on August 14, was $0.98524. Early on Saturday morning XRP was trading at $0.9937 according to CoinGecko, or about €0.90.

The break is small in cents, but it changes the picture. Until Friday, buyers could point to a support level that had held over the summer. Since last night it has gone. According to the data market watchers cite, the next support levels lie much lower, at $0.90 and below. For investors, three things now count: how much leverage a position can withstand in this market, how losses can be used for tax purposes, and which authorised provider to use for any further purchase.

XRP price on Saturday: a daily low of $0.983 on Bitstamp

Saturday's daily candle opened at $1.0098, rose to a high of $1.0122 and then fell within a single hour to $0.98336. The price then recovered to j...

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