Ripple’s XRP has seen its priced slashed again as it drops below the $1 mark. Ripple XRP had reached an all time high on 4 January at $3.74 but has since been on a decline.
XRP is however not the only Crypto that has been struggling of late. Almost all of the top Cryptos have experienced significant drops recently. Bitcoin is now priced at just over $9,300 whilst Bitcoin Cash’s price has fallen to just over $1,300 (reverting to its early December rate).
There is better news for Ethereum which is currently holding strong at a time where its rivals are falling. Ethereum is currently priced at $1,100 (according to coinmarket.com).
We do expect there to be a reversal in the market soon however, the market is still bearish at the moment. Bitcoin could be on its way down to $8,000 and we could see XRP retreating further to the $0.80 mark in the short term.
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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.