The investors of the cryptocurrency market have to bear a significant loss nowadays. People from all over the world have invested their money in this market and earn daily. But the traders have to face many ups and downs. When the value of their coins gets extend, the investors can get a good profit. In the same order, when the value of their investment gets decreased in the cryptocurrency market, they have to face a considerable loss.
- The rates of the XRP have fallen to the lowest of the past two years and facing a significant loss than other major currencies. The digital token of XRP has reached $0.1826 today. Because of this, digital assets fall approx 12% in the last 24 hours. According to Coin-market cap data, it is the lowest rate since 2017.
- XRP is not only the digital currency that facing this much loss. Many other well-reputed digital currencies are also facing a slump and a massive decline in the trading market. XRP still stands on the 48th number of top 50 coins.
- This position, according to coin market cap data, clarifies the red zone stage of XRP.
According to Mati Greenspan founder of the newsletter Quantum Economics, this time the entire crypto market facing a bit of a slump. But as we all know, the exchange of the cryptocurrency is speculative and unregulated. The investors have to agree that they can lose all the money invested in this market, and they should be prepared for this. Mati Greenspan also stated that the slump of the Cryptocurrency market is also a reflection of losses in XRP.
- The fund manager of the Bitbull capital has stated that the XRP Currency has been susceptible to adopt the news about banks and their money service partners since the time they present clientele for Ripple’s services. According to him, XRP facing a weak position since the Ripple and Money gram gets a closer relationship for the former’s investors.
- According to DiPasquale, the Bitcoin’s price also has to face downward pressure because of the massive fall of XRP. The whole cryptocurrency market has got affected with a little loss in any currency.
- The managing director of the digital capital management stated to offer a slighter optimistic take on this massive loss in XRP. He said Moneygram accelerate the news of this drop of XRP, but the rate falls can happen because of any specific reasons in this market. If the XRP drops for whatever reasons than it also gets up very soon. The crypto currency market is all about the ups and downs.
Some of the analysts accelerate the news that the Ripple partner Moneygram and their CEO Alex Holmes didn’t hold the digital token of XRP. CNN shared this information in today’s interview by Alex Holmes.
As per the experts at this time, the investors are facing a significant loss, but XRP will get an enormous change soon.