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
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.”