The third largest cryptocurrency by its market cap, Ripple (XRP), just fell to the lowest price this year.
On Tuesday, Ripple dropped to $0.26 for the first time since December 2017, right before the massive bullish run which saw it climb to $3.75 before New Year. XRP was last seen trading at $0.266 which marks a 3% decline since the beginning of the day.
Currently, XRP is one of the biggest losers in the crypto market. Reporting a 7-day loss of 36%, it is dropping at the fastest rate. The individual market cap of Ripple (XRP) also fell by more than $5.4 billion – making Ripple erase most of the gains during last year’s bull run.
On this day in 2017, Ripple was trading at $0.16 cents, which leaves many analysts to speculate a further drop in the price of the cryptocurrency.
Still, others are confident that Ripple (XRP) may rise and the story of it coming close to the $4 mark may repeat. If that is the case, a $10 investment in Ripple (XRP) today would return $150 (if XRP reaches $4 someday).
Meanwhile, the total market cap is down by more than $14 billion from yesterday and is now below the $200 billion mark – for the first time this year.
So, is it time to ditch Ripple forever – or the perfect time to buy XRP and hold it until it rises?
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