Ripple (XRP) pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.
Dow Jones futures remain steady around 52,580 during the European hours on Thursday. Meanwhile, S&P 500 futures decline 0.43% to trade around 7,610, and Nasdaq 100 futures fall 0.92% to trade around 28,210.
Injective (INJ) extends losses below $7.50 at press time on Thursday, attracting sellers after the previous day’s 6% decline. The derivatives market shows a sell-side bias among traders, as market orders continue to sweep resting bids amid declining Open Interest in INJ futures.