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XRP, the third largest cryptocurrency in the world, placed directly under Ethereum [ETH] and Bitcoin [BTC] it fell 4.48%, trading at a depreciated price of $ 0.499 with a market capitalization of $ 20.06 billion. The total trading volume of 24 hours was recorded at $ 431.9 million.
Price Chart XRP 1d | Source: coinmarketcap
During the day, XRP started trading at a high price of $ 0.52 with a market cap equivalent to $ 21.11 billion. However, the token suffered two sharp declines over the hours, in which the first jerk entered the coin at $ 0.5 with a market capitalization of $ 20.32 billion. The second decline, XRP reached a new low of $ 0.49 with a market capitalization of $ 19.95 billion. As a result, XRP has recorded a total wipeout of over one billion dollars in the space of just one day.
On the weekly chart, XRP seems to have collapsed even deeper. At the beginning of the week, the token was trading at $ 0.53 with a market capitalization of $ 21.5 billion. Also, the minimum of the week for the currency was when it fell to $ 0.491.
Price Chart XRP 7d | Source: coinmarketcap
The week has not been particularly exciting for XRP in the ecosystem as there have been no developments except for the real-time price monitoring API and XBT TipBot updates. So this could be a speculation about the boring nature of the market.
Despite this, Wietse Wind, the creator of XRP TipBot, promised to announce an integration of secret functionality for the application during this week. This could lead the XRP market to the greener side of the equation if the community decides to celebrate with the start of the announcement.
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