XRP plummets as Crypto Market Faces Setbacks
The native token of the XRP Ledger, created by Ripple, has recently hit a low of $2.1533, slipping below its 50-day moving average.This decrease reflects a substantial 36% drop from its peak this year. XRP’s price fell for three straight days, reaching its lowest since May 8, as crypto market sentiment weakened.
This ongoing decline has caused meaningful losses,particularly for leveraged traders. According to Hyperdash data, one major investor has suffered an unrealized loss of $2.6 million. Initially trading at $2.3
