Bitcoin price drop under support at $55,000 ushered a market-wide correction in top altcoins, including XRP. Ripple erased all gains from the past fifteen months and hit $0.40 early on Friday. XRP extended losses by 7%, down to $0.38 on Friday. Ripple piled losses alongside top altcoins and Bitcoin early on Friday. The German government’s Bitcoin transfers and Mt.Gox payback to creditors have created uncertainty among traders and increased the pressure on Bitcoin and altcoins like XRP.
XRP/USDT daily chart On the contrary, a daily candlestick close above $0.4611 could invalidate the bearish thesis and push XRP higher toward the next psychologically important resistance at $0.50. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.