Flash crash for Ripple (XRP)
Flash crash for Ripple (XRP)

Flash crash for Ripple (XRP)

By Marco Cavicchioli - 20 Nov 2018

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This morning things changed, around 9 CET, there was a real Ripple flash crash, which brought the price to 0.43.

In these days of global decline in cryptocurrency prices, the Ripple (XRP) market seemed to have held up, without significant collapses.

Until a few hours ago, in fact, it was still around 0.48 dollars, compared to the price of 0.45 that it had before the Bitcoin Cash fork.

XRP was showing some stability and thanks to the global collapse of these days, it overtook Ethereum, climbing to second place for market capitalization.

Today, however, it lost 12% in one hour. In the last 24 hours, the trading volume was 1.3 billion dollars and the market capitalization was reduced by 2 billion.

Now that the support of $0.43 has been broken, there is a clear break in the price trend.

Such a rapid and marked change could have consequences similar to those of other cryptocurrencies.

In other words, the trend of the last days, which had seen XRP hold while the other main cryptocurrencies were collapsing, could have come to an end.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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