Home / Ripple / Ripple (XRP) fell sharply after last week's spike – that's why

Ripple (XRP) fell sharply after last week's spike – that's why

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The bull ripple race (XRP) seems to have ended abruptly later 100% price increase last week like Hard-pungent investors seek to recover their losses from the start of the year.

Investors of ripple and cryptocurrency last week were merged into XRP after the company behind the exchangeable chip was revealed, Ripple Labs, said it is close to thelaunch a new product that could help banks accelerate transactions using XRP.

The Ripple logo is seen on a cell phone. (Photo by Omar Marques / SOPA / LightRocket images via Getty Images)

Now the price of ripple has plummeted by about 15% in the last 24 hours, bringing it down from the $ 0.66 peak on Friday last week to $ 0.46 today. & Nbsp; The price of ripple has risen to more than $ 3 last year, from just $ 0.006 it started in year a.

The price this week drops from the highs of last Friday do not seem to be new news, but rather investors who make profits from that peak. The ripple has declined by about 88% this year, leaving speculators eager to milk all the profits they can from the price spikes.

Ripple, which was created in 2012 by Ripple Labs (making it one of the oldest cryptocurrencies), stands out from many other major digital tokens by working directly with the established financial services industry.

News yesterday that the creators of content on some of the largest Internet platforms will be able to accept payments or suggestions in XRP tokens directly through a company called Coil, & nbsp; it was not enough to support the XRP price.

The price of the ripple (XRP) failed to keep all the gains of the last week.CoinDesk

Meanwhile, & nbsp; Ripple Labs co-founder Chris Larsen talked about how digital tokenization is needed for the existing banking system to maintain globalization. & Nbsp;Larsen expects& nbsp; blockchain technology to act as a "container" through which globalization can be achieved and with it the creation of what he called a "valuable internet."

"We bet XRP ledger and XRP as a digital resource of choice where we are talking about the blockchain component of this valuable Internet." The XRP has clearly, among the majors [cryptocurrencies], lower transaction costs, "Larson told attendees at the 2016 CFCon USA conference, has been reported by the cryptocurrency news site AMBCrypto.

"It's the fastest, about three seconds to settle down, and has the highest yield on the major blockchains."

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The upward rush (XRP) seems to have ended abruptly after the price hike of 100% last week, as hard-pungent investors seek to recover their losses from the start of the year.

Investors of ripple and cryptocurrency last week were merged into XRP after the company behind the negotiable token was revealed, Ripple Labs, said it is close to launching a new product that could help banks accelerate transactions using XRP.

The Ripple logo is seen on a cell phone. (Photo by Omar Marques / SOPA / LightRocket images via Getty Images)

Now the price of ripple has plummeted by about 15% in the last 24 hours, bringing it down from the $ 0.66 peak on Friday last week to $ 0.46 today. The price of ripple rose to more than $ 3 last year, compared to only $ 0.006 at the beginning of the year.

The price this week drops from the highs of last Friday do not seem to be new news, but rather investors who make profits from that peak. The ripple has declined by about 88% this year, leaving speculators eager to milk all the profits they can from the price spikes.

Ripple, which was created in 2012 by Ripple Labs (making it one of the oldest cryptocurrencies), stands out from many other major digital tokens by working directly with the established financial services industry.

Yesterday's news that content creators on some of the largest Internet platforms will be able to accept payments or suggestions, in XRP tokens directly through a company called Coil, have not been sufficient to support the price of XRP.

The price of the ripple (XRP) failed to keep all the gains of the last week.CoinDesk

Meanwhile, Ripple Labs co-founder Chris Larsen talked about how digital tokenization is needed to maintain the existing banking system with globalization. Larsen expects blockchain technology to act as a "container" through which globalization can be achieved and with it the creation of what has defined a "valuable internet".

"We are betting XRP ledger and XRP as a digital resource of choice where we are talking about the blockchain component of this valuable Internet." XRP clearly has, among the majors [cryptocurrencies], lower transaction costs, "Larson told attendees at the 2018 CFCon USA conference, was reported by the cryptocurrency news website AMBCrypto.

"It's the fastest, about three seconds to settle down, and has the highest yield on the major blockchain."

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