Ripple (XRP) shred almost 15 percent of its price on Sunday as the token plunged into the red in a day of devastating losses for all the major cryptocurrency coins.
Ripple fell to a March low on Friday morning when the token tumbled from its opening price of $0.82 to $0.79 by 8.50am on March 9.
But just over a week later, the currency dropped again – steadying around the $0.60 mark on Sunday.
As of 11am on March 18, Ripple is down even further with a price of $0.56 and a drop of some 13 percent.
Today, at the time of writing, the price has recovered slightly and is now valued at $0.66 – up nine percent on the lows overnight.
After bitcoin and ethereum also plunged this weekend, both are now also in the green – with bitcoin up 7percent to $8,317 while Ethereum is up 5percent to $547.
Here is the latest news and live updates on Ripple. All times in GMT.
Monday, March 19
BitBay, a secure professional bitcoin and cryptocurrency platform based in Poland announced earlier in the week that the company has added support for Ripple (XRP) and also XIN.
Users can now trade on the XRP/BTC market.
8.20am update: Ripple’s positive climb overnight helped force a break above a key bearish trend line
According to News BTC, Ripple found support near $0.55 and recovered against the US dollar.
The currency saw an upside move as it corrected higher and aged to move above the $0.60 resistance level.
The website said: “Ripple is slowly correcting lower and is testing the 23.6% Fib retracement level of the last wave from the $0.5341 low to $0.6868 high.
“It may correct a few more points, but it could find support near $0.6250.”