XRP, the third largest market capitalization in the cryptocurrency world, fell on Tuesday at its lowest price in 2018.
Shortly after Monday’s close, the cryptocurrency fell for the first time since December 12, 2017, to $0.27 cents, according to CoinDesk price information. XRP was last seen at $0.2705, down 2.95% since opening day.
At the press time, XRP was one of the biggest losers of the top 10 crypto-coins by market capitalization, and reports a loss of 36% in 7 days, according to CoinMarketCap data. Individual market capitalization also fell by more than $5.4 Billion, during this period.
Ripple had the largest share of profits in the last year, and 92% lower than the record of $ 3.75. According to pricing information from CoinDesk, XRP was functioning at $ 0.16 cents exactly a year ago, some of which speculated on further price declines.
Cryptocurrency XRP is among many networks to see decreasing values during Monday’s session. Such known cryptos, include bitcoin cash, ether, and Cardano, with recorded losses of more than 7% to 12% in just 24 Hours.
The total market capitalization of all cryptocurrencies declined by almost $ 14 Billion from the peak of $214.4 Billion yesterday and is currently just over $200 Billion, according to the data showed by CoinMarketCap.
Litecoin has also witnessed a drop in the present year. It fell by 8.78% compared to its previous year. The drop point was the lowest in the present year. Some of the other cryptos such as eos and ethereum had to witness a drop of 7.96% and 6.89% respectively. At present, there has been no show of positive revival. Leading crypto, bitcoin had also got its numbers lowered; it dropped by 4.86% in last 24 Hours period.