The price of XRP has fallen to its lowest level in 2018 on Thursday morning, falling by 7.8% to 0,525$. The last time such depreciation was in December 2017. The price drop Ripple occurred together with a decrease in the prices of other cryptocurrencies. Bitcoin fell by 5.2%, below what, according to the London Block Exchange, it was below the “key support level “. Ethereum rate also decreased to its minimum for this year.
Ripple, which controls most of the currency in circulation, in recent months has made many major statements. Former hedge-sponsor and journalist Corey Johnson joined the firm’s San Francisco as the main strategist of the market in March, It also provided the company with new customers. For example, the Spanish Bank Santander intends to run the application for international money transfers with Ripple.
However, CEO brad Garlinghouse claims that XRP should not be seen as cryptocurrency.
Is a digital asset. If the asset solves a real problem for a real client, then the asset will be significant value – declared Arlinghaus in February.
Despite steep losses in 2018, many investors believe the worst of the cryptocurrency has not yet come. Executive Director of Crypto Wallet Startup Abra bill Barge this week said that, in his opinion, the market will recover this week with increased investment in assets.
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