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The second largest XRP cryptocurrency, showed wild fluctuations in its market performance. The currency fell unexpectedly low over the course of an hour when it fell 12.39%. At the time of printing, XRP is trading at a depreciated price of $ 0.42 with a market capitalization of $ 17.1 billion. The 24-hour trading volume was $ 1.3 billion.
XRP 1 hour candelabras | Source: tradingview
XRP has just broken the previously formed support at $ 0.43, which is showing a deep cut in the price trend of cryptocurrency.
Ripple's native cryptocurrency is the only one that acted in disagreement with Bitcoin [BTC] and other altcoin colleagues and is very volatile at the moment. Just an hour ago, the altcoin was colored green and up 0.28% where it was traded at a healthy price of $ 0.48, where market capitalization was higher than $ 19. billion. Within an hour, XRP registered a wipeout of over $ 2 billion.
Because the change in market capitalization is so rapid, XRP may have to face several consequences, in which a serious threat is the loss of its second position that can be recovered from Ethereum [ETH] if the drop continues.
As for the bear market, John McAfee, a technology entrepreneur who has a strong interest in the speculative world of cryptocurrency, wrote on Twitter:
"People are panicking, but there's no need to fuck, we're in a bear market, they suck, yes, and not like a toothless prostitute, but I'm 73 and I've seen this dozens of times in many markets Bear markets are like winter, it is always followed by a glorious spring.
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