Ripple (XRP) fell below $ 5 last night in a month. The decline in prices came after a severe sales in the Ramsar market, leaving Ripple prices at $ 1.5 at the Binens currency exchange. Currently, Ripple has improved slightly since the recent fall and has reached $ 1.5.
According to Kevin Gles, more than $ 1.5 million in XRP trading positions in the past 7 hours, 5 % of which was Long positions.
Sales pressure is not limited to XRP. Increasing investors’ concerns following global trade tensions and the decline of US stock market indicators have affected the whole market.
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In this regard, the Nasdak index declined by more than 5 %, which has increased sales pressure on the market.
However, the XRP seems to be unable to withstand this downtrend. While the legendary trader John Bolinger had named Ripple last month as one of the potential vanguard of the market, the penis has so far failed to stand up to sales pressure.
The data shows that approximately 2 % of the XRP circulation supply is out of profit, which places it in the second place of Ramsar after the Dodge Quinn.
Ripple experienced a significant growth in the fourth quarter of the year, but in the first quarter, it has lost a large part of these achievements due to the general market problems and the reduction of micro traders’ interest.
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