Ripple On Bearish Momentum: 11.24% Down In The Last 24 Hours

Ripple is currently on bearish momentum. At 13:04 EST on Tue 22 Dec, Ripple is at $0.47 and down by 11.24% in the last 24 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 $0.49 and the lower value was $0.46.

In relation to Ripple’s daily highs and lows, it’s 2.326% up from its trailing 24-hour low of $0.46 and 11.189% down from its trailing 24-hour high of $0.53.

In relation to Ripple’s yearly highs and lows, it’s 308.949% up from its 52-week low and 38.711% down from its 52-week high.

Last 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.”

Cryptocurrency firm ripple expects to be sued by the sec; XRP plunges. According to CNBC on Tue Dec 22, “Ripple maintains that XRP – like bitcoin – should be classified as a currency and doesn’t have to be registered as an investment contract. “, “Though it claims to be independent of the cryptocurrency, Ripple owns 55 billion of the total 100 billion XRP tokens in existence. “

Ripple says it faces SEC lawsuit as cryptocurrency XRP drops. According to Bloomberg Quint on Tue Dec 22, “Ripple earlier this year also failed to persuade a judge to throw out a proposed class-action lawsuit accusing the company of selling unregistered securities.”, “XRP, the world’s third-largest cryptocurrency, slumped after Ripple Labs Inc. said it faces a U.S. Securities and Exchange Commission lawsuit over its affiliated token.”

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, “Bitcoin has surged into the stratosphere this year, but it is by no means the best-performing cryptocurrency.”, “Bitcoin’s 212% rally this year is driven by all types of new investors who had never invested in bitcoin but are now jumping on the bandwagon, Hougan said.”

Crypto FOMO makes even a 350% premium on Bitcoin look appealing. According to Bloomberg Quint on Sat Dec 19, “”It’s absolutely mind-boggling that regulators allow retail investors to access these products, but won’t allow a Bitcoin ETF which would easily solve the premium issue.””, “”But I think some level of premium is justified, and if you want access to Bitcoin, there really aren’t better options.””

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.”