Ripple has been suffering in the face of a falling Bitcoin this week, dropping by a total of 17.44% to bring the price back beneath $0.40. At the time of this writing, XRP trades at $0.3989. The cryptocurrency has done very well to hold above support at the 100 days EMA and 200 days EMA. However, it continues to struggle in making any movement above the $0.40 level.
Ripple remains ranked in 3rd place amongst the top cryptocurrency projects with a market cap of around $17 billion. Despite the majority of cryptocurrencies surging over the past 3 months, XRP has only increased by a total of 20% – which is nowhere near Ethereum’s 82% or BNB’s 70% gains.