XRP Cryptocurrency Now Down 90% From 2018 Price High

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XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday’s close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since the day’s open. At press time, XRP is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 36 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $5.4 billion within that period. Ripple has now effectively erased most of the gains seen during last year’s bull run and is down 92 percent from its all-time high of $3.75. According to CoinDesk price data, XRP was trading at $0.16 cents exactly one year ago, leaving some to speculate