Ripple (XRP) trades amid increasing overhead pressure on Thursday, reflecting risk-off sentiment and increasing profit-taking activities in the wider cryptocurrency market. At the time of writing, XRP trades at $2.79, down 3% for the day.
Bitcoin (BTC) regains momentum, trading above $122,000 on Wednesday, following a sharp pullback the previous day. Altcoins, including Ethereum (ETH) and Ripple (XRP), are holding steadily above key support levels, as bulls look forward to recouping the losses incurred on Tuesday.
Cardano (ADA) is trading in the red, currently below $0.82 at the time of writing on Wednesday, following a nearly 6% correction on the previous day.