Ripple price news LIVE: XRP plummets into RED as cryptocurrency drops below $0.80

RIPPLE (XRP) has crashed back into the red tonight after a strong start earlier today. Here are the latest live updates on Ripple's price.

The wave (XRP) is currently worth $ 0.78 (8.05pm tonight) after the onset of an earlier start.

Its price increased 2.95 percent at the beginning, reached $ 0.83 at 10.19am.

As of 8.05pm on March 12, the digital currency has fallen by 5.57 percent in the past 24 hours to a total market cap of $ 30,799.

Bitcoin, Ethereum, Wikipedia cash and Litecoin are all too red tonight, with Bitcoin falling at $ 8,956.43 at 8.28pm.

8.41pm: Central banks need to analyze the risks before issuing Cryptocurka, says the BIS

The central banks have warned banks before considering their own CryptocaRaury for International Settlement (BIS).

The central banks are cautious about issuing a report of two committees of BIS, a federation of members of the US Federal Reserve and European Central Bank, issued by their central bank digital currency or CBDC.

Jacqueline Lohh, chairman of the BIS Market Committee, said: "At this point we have no perceived hazards."

She said: "Any action for a possible start of a CBDC must be subject to careful and comprehensive consideration."

This report saw the impact of a "retail" version for "limited" digital currency, and all for limited audiences, such as banks.