SHENZHEN, China – The whole cryptocurrency market continues to dip further down as different exchanges report many losses. On Investing.com, Ripple is trading at around $0.51, a dip of 10.04% within 24 hours. It follows the biggest percentage loss for a day on January 21.
The market capitalization of XRP as of writing is down to $25.18 billion from $27 billion. It holds 1.73% of the whole crypto market cap. If you remember, the highest that XRP was able to make in terms of market capitalization was $83 billion.
For the past 24 hours, the XRP’s price ranged from $0.51 to $0.57, and for the past seven days, it has struggled to maintain its price as it fell by 14.74%. In the past seven days, Ripple traded from the range of $0.51 to $0.65.
Its peak was on January 4, 2018, when it hit the ceiling of $3.29, which means it is down today by 84.44%.
These numbers’ weight depends on whether you are a bull or a bear. You may see these data as opportunities and losses depending on where you stand. If you are thinking of letting go of Ripple because of the losses recorded, you might want to rethink your decision since it is not only Ripple that is in a spiral right now but the whole crypto industry. Investing.com also reported that Bitcoin was down by 7.89% on a 24-hour chart. Ethereum also had a loss of 7.71%. It shows that even the strongest players in the market have no control over the high volatility of the industry itself.
In terms of business, on the other hand, Ripple seems to be stable as it continues to partner with different companies outside the United States. Even its CEO Brad Garlinghouse is feeling positive about the future of XRP.