Drops of the day: XRP & LTC
The prices of both LTC and XRP fell to new, unprecedented lows this year following Bitcoin taking a tumble of more than 6% in the early hours of Tuesday Morning.
XRP is now down 89.2 percent over an eight-month period.
The trend is likely from the wider bear market as well as bad press for Ripple. The start up continues to receive bad press and law suits stemming from the coins decline. Moreover, the wider crypto community has grown to learn that XRP has no intrinsic utility in comparison to what Ripple Labs seeks to complete.
At press time, the price of XRP continues its downward trajectory – down 11.76 percent over a 24-hour basis according to CoinMarketCap data and down 1 percent on the hour.