One of the most popular cryptocurrencies, Ripple (XRP), falls 4.52% to $1.31 on Friday, as per the average prices of ripple on the big cryptocurrency markets countrywide. The prices of most popular digital currencies have been low for past several days including bitcoin, cardano, litecoin, ethereum and NEO.
Ripple’s market capitalization is around $50 billion. The previous day’s high and low levels are $1.32 and $1.28 as the digital currency trades in a tight range.
Ripple is a Real Time Gross Settlement (RTGS) system, currency exchange and remittance network. It is based around a shared public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
1. Ripple has been on a precipitous decline for past three weeks.
On January 4, the ripple average price on CoinMarketCap had touched a high of $3.84, while it traded at $1.30 on Friday, posting a fall of 66% in just three weeks. 2. Read more from ndtv.com…
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