Ripple looked as if it had stabilised around the $0.63 handle yesterday, March 26 after several losses last week.
But the token, which is still nearly 70percent cheaper than at the beginning of the year, plunged again today and dropped below the $0.60 mark.
Today, as of 8.30am, the price is set at $0.57 according to CoinMarketCap.
This is some 8.30 percent down on opening, with a market cap of $22 billion.
Here is the latest live news on the Ripple (XRP) price. All times in GMT.
Tuesday, March 27
12.50pm update: Ripple is following a bearish trend
NewsBTC wrote: “There was no recovery in Ripple price above the $0.6400 and $0.6500 resistance levels against the US Dollar. The price declined further and it broke a major support at $0.6150.
“It opened the doors for more losses and the price declined below the $0.6000 and $0.5800 support levels.
“Clearly, the price is in a bearish trend and is currently trading well below the $0.6000 level and the 100 hourly simple moving average.
12.00pm update: A recent survey of American millennials looked to find out how they would invest $10,000 in the crypto-market.
Surprisingly, 9.19 percent of millennials (18-34) would invest their cash in the market, compared to 4 percent of Gen Xers (35-54) and 3 percent of Baby Boomers.
While bitcoin (76 percent) and Ethereum ( 12 percent) proved popular among investors, Ripple managed to convince none of the millennials it is the currency to choose.
Bitcoin has become synonymous with cryptocurrencies so it is no surprise that it scoops up most of the votes, but Ripple surprised many commentators.
9am update: Twitter bans cryptocurrency adverts
Twitter may dramatically alter cryptocurrency values after the social media titan announced cryptocurrency adverts for Initial Coin Offerings (ICOs) will be banned on the platform.
In a statement, the company said: “We have added a new policy for Twitter Ads relating to a cryptocurrency.
“Under this new policy, the advertisement of ICOs and token sales will be prohibited globally.”
Adverts pertaining to ICO tokens, exchanges or wallets will all be affected by the ban.