Though it is undeniable XRP had an excellent run in November, and that it, despite the turbulence, retains much of the recent gains, it is equally clear that, last week, the token fell upon tough times.
Specifically, after rallying 468% between election day and its recent peaks on December 3, XRP collapsed 19% by press time, reaching its December 24 price of $2.30.
In the last seven days, the cryptocurrency market dynamics ensured the token diminished by about $20 billion as its market capitalization plunged from $152 billion to $132 billion.
XRP market cap 7-day price chart. Source: CoinMarketCap
The popular token’s downturn arguably can’t be pinned on the XRP community or any other event tied directly to the specific cryptocurrency. Instead, it is part of a greater bloodbath that heavily impacted digital – and, to an extent, many other – assets since the conclusion of the latest Federal Open Market Committee (FOMC) meeting.
Why XRP collapsed $20 billion in 7 days
We współpracy z: https://finbold.com/20-billion-wiped-from-xrp-in-a-week/
