Ripple price has been aiming at $1 for quite some time now. However, it appears that the goal is slowly evading the currency as a slight retracement has taken place – bringing the price down to $0.87. Over the past few weeks as markets gained momentum and recovered, Ripple was one of the biggest gainers of this recovery. However, the currency is now facing a retracement in price and a market correction seems to have arrived.
Over the past 24 hours, Ripple’s price has fallen by 3.20%. The currency began the day’s trade at a price of $0.906 and closed the day at a low of $0.876. The lowest point of this 24 hour trading period had come at the close of day’s trade. Over the course of these 24 hours, Ripple’s market cap went from $35.5 Billion to $34.34 Billion – losing almost $1 Billion over the day.