Biggest Movers: XRP, DOGE Bear Run Continues, Sending Prices to Multi-Week Lows
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XRP was one of Thursday’s notable movers, as the token dropped to a multi-week low in today’s session. The decline comes as the global market cap fell by as much as 2% over the course of the day. Dogecoin also declined, falling for a third consecutive session.
XRP
XRP, formerly ripple, remained in the red during today’s session, as the price fell to a multi-week low.
Following a high of $0.6971 the day prior, XRP/USD slipped to an intraday low of $0.6589 earlier in the day.
This is the weakest point that XRP has hit since July 13, when the token was trading below $0.4700
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XRP/USD – Daily Chart
That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security.
Since then, sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.
At the time of writing, the index is tracking at 48.60, with the next visible point of support at 45.00.
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