The price of XRP, the third largest capitalization crypto-currencies, fell to its lowest level in 2018. In relation to the maximum prices, which was recorded at 3.75 USD a drop of nearly 94%.
At 00:01 UTC, immediately after the closing on Monday, the cryptocurrency fell to 0.27 cents for the first time since December 12, 2017. At the moment, XRP is trading at 0.2587$, and a fall in the last 24 hours is almost 15%.
According to CoinMarketCap, the fall of XRP over the last week was more than 37 percent. While the market cap of ripple fell more than 5.4 billion U.S. dollars over this period.
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Ripple has lost most of its value, which he was able to build up during the last bull period. According to CoinDesk, XRP was trading at 0.16 cents a year ago.
Ripple is not the only cryptocurrency, which shows a negative trend. Almost all the top 100 cryptocurrencies are in the red zone. Of the top 20 cryptocurrencies most of all went to IOTA, which fell 23.5% in the last 24 hours.
The total market capitalization of all cryptocurrencies fell more than 22 billion US dollars from its yesterday’s high of 214,4 billion and currently stands at just over 191 billion U.S. dollars. The share of bitcoin meanwhile has grown to 54%.