Ripple continues to decline as stock markets rally

The majority of the cryptocurrencies, including Ripple, declined during today's trading amid a decline in the cryptocurrency market as the demand shifted for stock markets instead.

Wall Street and some stock markets around the world have received support as concern over tensions in the Middle East faded following Iran's detention of a British oil tanker.

News agencies reported that officials from the United States and China were preparing to hold a new round of trade negotiations on Monday.

Cryptocurrencies have been under pressure since Facebook officials appeared before the US Congress amid concerns about using their upcoming cryptocurrency "Libra" for illegal activities.

In terms of trade, by 20:48 GMT, Ripple fell by 1.8% to $0.32, hitting a high of $0.32 and a low of $0.31, with a market value of $31.4 billion.

Bitcoin also fell by 1.3% to $10185, with the highest at $10386.6 and the lowest at $9864.9, and its market value settled at $181 billion.