In recent weeks, the price of Ripple has fallen to third place, sometimes reaching the market value of crypto money with a volume above Ethereum.
Ripple, unlike many crypto currencies, is a project that focuses mainly on money transfers. Even those who are disturbed by the definition of XRP as a crypto coin exist.
Only in the past 30 days, Ripple reached its historic record level from $ 0.27 to $ 3.80 in the January 4 range. It is unlikely to be a pump because of this upsurge because the Ripple developer team continued to make new arrangements with the usual hard work, as reported by Crypto Money News.
The XRP, which hit a record low after the January 4 record, saw a resistance of $ 3, but this resistance lasted only 24 hours and began a steady decline. The Ripple, which he saw on Thursday at $ 1.60, was the lowest level of the recent rise.
The volatility in crypto money prices is undoubtedly a much higher rate than when compared to fiat currencies, which is quite natural. However, the volatility of the XRP price in recent weeks has reached the levels of investors who will be angry. One of the biggest responsibilities of this fluctuation is that it has taken out South Korean stocks from CoinmarketCap's lists and has not issued an announcement before doing so.
The sudden listing change caused Ripple to lose $ 20 billion in market value and then panic sales.
Rippe price increased by 18% in 24 hours
RIPLE CEO Brad Garlinghouse announced that MoneyGram will start using Ripple's block-chain network and XRP to process international payments.
