XRP’s slump appears to be part of a larger pull-back that has affected most major digital currency. The downswing started developing on Thursday afternoon, after Bitcoin (BTC), the No. 1 digital coin, had spiked to over $9,000 for the first time in more than a year. Unable to sustain trading at those levels, BTC quickly pulled back, causing a ripple effect throughout the entire crypto market. Most major digital currencies, including Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), have seen big price drops after Bitcoin’s pull-back
In today’s trading, the XRP price stood at $0.422, as of 12:27 BST. The digital coin has lost 8.7% in the past 24 hours. Its total market capitalisation currently stands at $17.8 billion.
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