Ripple [XRP] price is plunging despite all the positive initiatives: Why? Can Ripple recover?

in ripple •  6 years ago 

Ripple [XRP], the third largest coin by market capitalization value. Since Thursday the price is down by 2.5% and is changing hands at $0.4590. The cryptocurrency has an average daily volume of $200 M. also the digital asset is traded with a total market value of $18B.Source

Ripple topped headlines for the past couple of weeks and all for the good reason. Yesterday BCFocus reported, Mr. Yoshitaka Kitao, Representative Director and CEO of SBI Holdings, bullish statement about Ripple. He said at the Japan Blockchain Conference "using XRP can create a more efficient world" and "He is confident Ripple will be the global standard" - Facebook today announced it’s reversing its cryptocurrency ad ban effective immediately

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