Home / Ripple / XRP: 12% swoop a day after the bullish week, while Christmas day becomes horror for Cryptos

XRP: 12% swoop a day after the bullish week, while Christmas day becomes horror for Cryptos

Ripple is a member of Blockchain Capital VC Fund with an XRP investment of $ 25 million
A closer look at the encrypted price charts shows that the bullish week is rapidly turning into horror. Christmas Day seems to have come with a shock to most of the best digital resources. From the rankings, most of the flagship digital currencies including XRP, Ethereum (ETH) and Bitcoin (BTC) have experienced declines in downward prices. The big guys in space have already dropped by an important percentage in terms of evaluation. Only a few days ago, investor confidence was starting to grow, and the larger cryptic community was starting to express optimism about criptos. Now it seems everything that has passed.

XRP trading around $ 0.37 USD at time of printing

What makes this price drop surprising is due to the fact that the previous week was actually bullish for the entire market, as most of the best digital assets recorded a significant increase in value after a long year of sentiment. bearish and non-uniform price actions. At the time of publication of this content, the Ripple XRP token was trading at $ 0.37, with a drop of 12.40% just after 24 hours. The digital token has no market capitalization of $ 15,450 billion with a 24-hour market volume of $ 1.17 billion.

Bitcoin Cash (BCH), EOS and Bitcoin Cash SV Top List of the biggest losers in the last 24 hours

As indicated above, XRP is not the only digital currency that recorded losses. Another factor affecting the bears' crash of the last 24 hours is that despite the 12% drop in XRP, it is not even among the biggest losers. According to CoinMarketCap data, the biggest losses since the last 24 hours include Bitcoin Cash (BCH) Bitcoin SV (BSV) and EOS having suffered double-digit declines in that period. According to the report, most of XRP's trading volume was held by Bitbank, a stock exchange that currently controls transactions worth over $ 193.556 million. The Bitbank list was closely followed by Upbit, with a decline of 11.45% on all XRP exchanges.

The list of binaments and the sixth anniversary of XRP have not helped the Stay Up token

It is strange to say that the fall of XRP comes only a week after more positive announcements have been heard in the ecosystem and in the price increase after a long period of bearish sentiment. Even the recent development of XRP as a base pair on Binance, the Changpeng Zhao founded the cryptographic exchange, did not help the price of the to remain in bullish positions. Initially this news had brought the XRP price to increase by 21%. But it seems that this growth has not been sustainable. It's safe to say that calling one day down was too early.

Price XRP (XRP) today – XRP / USD

It is also essential that the current bear market crash comes shortly after a milestone in the XRP. We can remember that it was reported that the goal was the 6th anniversary of the XRP register. The event was celebrated by Bitstamp, one of the major digital currency exchanges. In a normal situation this development would have helped the token course but this is not the case. It remains to be seen whether prices will resume or not.

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