Ripple (XRP) price surges to an intraday high of $3.08 and corrects to trade at around $3.05 on Thursday. The uptick in XRP upholds a short-term bullish picture, mirroring positive sentiment in the broader cryptocurrency market.
Bitcoin (BTC) is slipping below the lower consolidation band at $116,000, after consolidating for more than ten days. A decisive close below this level would indicate further decline ahead.
Ripple (XRP) trades slightly in the red on Thursday following a drastic extension of a drop from its record high of $3.66. XRP tested support at $2.95 amid the crash, before recovering to exchange hands at $3.15.