XRP [XRP] was one of the most controversial currencies in the cryptocurrency market, together with Bitcoin [BTC] in recent weeks. The currency n. 3 on CoinMarketCap is known for having one of the strongest communities in space.
Last week, the entire cryptocurrency market suffered a huge bloodbath and the altcoins proved to be the hardest hit. While most of the community believe that the reason for the sharp decline in the market is due to the postponement of the Bitcoin ETF [BTC] by the SEC, others believe it is because of the whales or the ICOs.
The most affected coins on the market in the last 7 days turned out to be XRP. The currency has plunged by over 27% in the last 7 days, making it the biggest loser in the top 10 market crypts, despite all the positive news in recent weeks.
According to CoinMarketCap, the currency lost nearly $ 0.12 in value and $ 4 billion in market capitalization over the last 7 days. On 6 August, XRP was trading at $ 0.42 with a market capitalization of $ 16 billion. At the time of the press, XRP [XRP] was trading at $ 0.30 with a market capitalization of over $ 12 billion. However, some people in the community remain optimistic and continue to get bored.
XRP Hong Kong, a Twitterati said:
"I'm really excited about this sea of red! It means things are moving, they're happening, they're accelerating! I'm not afraid of this price drop, I say" Turn it on! "Because it means we are approaching the next bull run and because I know that
$XRP is close in prime time!"  Bobbi, another Twitterati said:
"I have from when I found
#xrp and nothing could or will shake me, no FUD, no mockery for investments, no price drop … .. no – nothing! #xrpproudhodler "
Karl Samson, a Chicago FX trader, says:
" I do not care what the charts and monsters are saying … Once the SBI partnership in Japan becomes public and transparent, we should see a massive price increase. "
Recently, XRP has been added to the plate Philippine exchange takings, Coins.ph which has over 5 million users. In addition, Bittrex, one of the world's leading cryptocurrency trading platforms, had announced that it would open the dollar-denominated markets for the currency and also received support from Bitcoin Superstore. More importantly, Coinbase has mentioned XRP as one of the options for Coinbase Custody.