XRP, the third-largest cryptocurrency in the world, placed directly below Ethereum [ETH] and Bitcoin [BTC] has taken a slump 4.48%, trading at a depreciated price of $0.499 with a market cap of $20.06 billion. The total 24-hour trading volume was recorded at $431.9 million.
During the day, XRP started trading at a high price of $0.52 with the market cap equivalent to $21.11 billion. However, the token took two severe downturns across the hours, wherein the first jerk plunged the coin to $0.5 with a market cap of $20.32 billion. On the second fall, XRP reached a new low of $0.49 with a market cap of $19.95 billion. Therefore, XRP experienced a total wipeout of over a billion dollars in the span of just a day.
On the weekly chart, XRP seems to have plummeted even deeper. At the beginning of the week, the token was trading at $0.53 with a market cap of $21.5 billion. Furthermore, the lowest of the week for the coin was when it tripped down to $0.491.
The week has not been a specifically exciting one for XRP in the ecosystem as there have not been any developments except the real-time price tracking API and XRP TipBot updates. Hence, this could be a speculation to the dull nature of the market.
Despite this, Wietse Wind, the creator of XRP TipBot has promised to announce a secret feature integration for the application during this week. This could take the XRP market to the greener side of the equation if the community decides to celebrate with the onset of the announcement.