Ripple falls below $0.40 mark as cryptocurrencies limit gains

Most of the cryptocurrencies declined during today, and ripple fell below psychological barrier of $0.40 amid quiet trading due to a public holiday in the United States.

Ripple has been under pressure recently, limiting it to a narrow range of trading.

Meanwhile, Bitcoin resumed its gains today and broke above the $12,000 barrier before retreating slightly below, though still near its highest level since January 2018.

Stock and bonds markets were closed today in America in observance of the Independence Day holiday and are expected to return to work on Friday.

It's worth mentioning that the cryptocurrency market drew support from the Facebook announcement of its plan to launch its cryptocurrency "Libra" in the first half of next year.

In terms of trade, by 20:34 GMT, Ripple fell by 1.5% to $0.39, with a high of $0.41, while recording the lowest price at $0.39.

Bitcoin rose by 2.1% to $11625, with the highest at $12060.4 and the lowest at $11312.2.