XRP Cryptocurrency Now Down 90% From 2018 Price High

[ceterissss]

XRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.

At 00:01 UTC, just after Monday's close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since the day's open.

t press time, XRP is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 36 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $5.4 billion within that period.

Ripple has now effectively erased most of the gains seen during last year's bull run and is down 92 percent from its all-time high of $3.75. According to CoinDesk price data, XRP was trading at $0.16 cents exactly one year ago, leaving some to speculate a further drop in price.

The cryptocurrency is one of a number of networks to see declining values during the Monday session. Well-known cryptos including ether, bitcoin cash and Cardano have all seen 24-hour losses in excess of 7-12 percent.

The total market capitalization of all cryptocurrencies is down nearly $14 billion from its yesterday's top of $214.4 billion and is currently sitting just above $200 billion, CoinMarketCap data shows



KAYNAK: https://www.coindesk.com/xrp-cryptocurrency-now-down-90-from-2018-price-high/

[chinito]

Ripple coin market price value has the possibility to fall down.But It will depends on the demand in the market.Many people are starting to invest this coin now.

[Yahud]

Reporting from IQoption, XRP is the crypto Ripple currency that can be used as a payment method, making banks and other institutions easier to send money to the world. That helps reduce the cost of moving large amounts of money on a global scale, so ripple has the potential for the future even though the price is falling, I'm sure it will rise again. because now altcoin is down all the prices.