On January 7, Ripple’s price (XRP) reached $3.79 and a market cap of $146.7 billion, which is an all-time maximum level. However, now its price is falling dramatically.
Last month, Ripple’s native cryptocurrency managed to attract the attention of institutional investors, and began its significant rise. In the beginning of December 2017, the price of XRP was about $0.2 but then it started a triumphal price growth and managed to become the second largest cryptocurrency by market cap, leaving Ethereum behind for more than a week.
Yet, while Ripple helped its traders to earn impressively last month, it is now facing corrections. At the time of publication, the price of XRP is still falling. $2.14 per XRP, and its Market Cap slightly more than $82 billion USD.
Read the full article on Coinidol:
https://coinidol.com/ripple-price-continuous-fall-from-heights-or-slow-down/