XRP Drops by 14% - Will the Downtrend Continue? From Investing.com Deutsch
The cryptocurrency XRP experienced a dramatic daily loss of 14.45%, the largest since April 13th, as reported by Investing.com. This plunge pushed XRP's market capitalization down to $26.9377B billion, which now represents just 1.17% of the total market capitalization of all cryptocurrencies. The value of XRP has fallen by over 17% in a week, and the trading volume was about $2.3435B billion.
Compared to its peak price in January 2018, the current price is now a whopping 86.03% lower. Meanwhile, other major cryptocurrencies also fell: Bitcoin declined by more than 7%, while Ethereum recorded a drop of nearly over 8%.
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Ripple's Strategic Realignment: Can XRP's Stablecoin Revolutionize the Crypto Market? From Blockchain Hero
Ripple is planning a strategic realignment and has recently introduced a stablecoin – this could open up new opportunities for the company, according to a report by the Blockchain Hero magazine. Ripple CEO Brad Garlinghouse expressed optimism about Ripple's future in the stablecoin market, mentioning existing partnerships with the banking sector as potential support for the adoption of their new product.
Additionally, there are predictions of an impending rally for XRP as well as speculations that Toncoin (TON) and Kangamoon (KANGA) could steadily increase their market presence. The introduction of a stablecoin by Ripple could lead to a significant expansion of their market capitalization; however, technical indicators and regulatory uncertainties remain important factors in regard to XRP's future development.
