You have most likely noticed over the past few days that the cryptocurrency market is on a downswing. Looking at the coin charts, the vast majority of the most valuable currencies are in the red – at least for the past 24 hours of trading.

The downturn is being led by Bitcoin (BTC), which is down by about 4% compared to its price at the same timer yesterday. Similarly, Ripple (XRP) is down by 16%. Cardano (ADA) and Stellar (XLM) are both down 13%. TRON (TRX) has plunged about 7% lower. Yes – these are most of the top 10 highest-valued coins.

So, what’s happening – why are so many popular coins retreating?

Why Have So Many Cryptocurrency Favorites Seen Their Price Plunge in Recent Days?

With the exception of Ethereum (ETH) and Bitcoin Cash (BCH), most of the top cryptocurrency options are in the red. What gives, anyway?

Some cryptocurrency enthusiasts are putting a lot of the blame on Ripple (XRP). This coin has seen an especially bad couple of days. The San Francisco-based cryptocurrency has been embraced more and more by large banking institutions. But its growing legitimacy in the financial sector is leaving a bad taste in some crypto analysts’ mouths.

“The reason ripple is surging so much is it’s a bubble,” said the CEO of ShapeShift, Erik Voorhees, in a recent interview. “Testing crypto with banks doesn’t make sense. The whole idea of crypto is you don’t need banks.”

The whole point of cryptocurrency is that it is meant to be decentralized. By centralizing it through putting its utility into the hands of the “establishment,” some are afraid that it is doing the opposite of what it is supposed to.

But coins other than XRP are dropping – and that probably has to do with how mainstream cryptocurrency is at this point in time. Bitcoin and other altcoins have gotten a lot more buyers recently, and a lot more excitement.

Moreover, there has been so much growth lately that a pullback would have needed to happen eventually. What goes up must come down, after all.