XRP [XRP] becomes the biggest loser in the market amongst the top 10

XRP [XRP] has been one of the top controversial coins in the cryptocurrency market, alongside Bitcoin [BTC], in the past few weeks. The #3 coin on CoinMarketCap is noted for having one of the strongest community in the space.

Last week, the whole cryptocurrency market faced a huge bloodbath and the altcoins turned out to be the most affected. While the majority of the community believes that the reason for the sudden drop in the market is due to the Bitcoin [BTC] ETF postponement by SEC, others believe that it was either because of the whales or ICOs.

The most affected coins in the market in the past 7 days has turned out to be XRP. The coin has plunged by more than 27% in the past 7 days, making it the biggest loser amongst the top 10 cryptocurrencies in the market, despite all the positive news in the past few weeks.

XRP Hong Kong, a Twitterati said:

“I’m actually excited about this sea of red! It means things are moving, happening, accelerating! I’m not scared of this price drop, I say “Bring it on!” because it means we are getting closer to the next bull run and because I know $XRP is close prime time!”

Bobbi, another Twitterati said:

“I have from the moment I found #xrp and nothing could or will shake me, no FUD, no being laughed at for investing, no price drop…..nope – nothing! #xrpproudhodler”

Karl Samson, an FX trader from Chicago says:

” Idon’t care what the charts and fudsters say. Once the Japan SBI partnership becomes public and transparent, we should see a massive jump in prices.”

Recently, XRP was added to the Philippines exchange platform, Coins.ph which has over 5 million users. Moreover, Bittrex, one of the leading cryptocurrency exchange platforms in the world had announced that they would be opening USD markets for the coin and it also received support from Bitcoin Superstore. Most importantly, Coinbase had mentioned XRP as one of the options for Coinbase Custody.