The price of XRP has nosedived substantially to a level that it last touched almost 70 weeks ago. At the current time, XRP’s price have been trading near its immediate support level of $0.36.
Bitcoin continues to be on shaky grounds as the coin tried recovering by moving past the $30,000 mark. At press time, the coin fell back to $29,700.
The majority of the industry’s altcoins have continued to extend losses today. The bearish pull remains strong in the market at the time of writing.
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Over the last 24 hours, the market has bottomed out and that is why a chance of price revival can still be considered.
The technical outlook of the coin shows that a relief rally could be on the charts,