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According to data from Investing.com, among the top 25 cryptocurrencies in terms of market value in the last 24 hours, the cryptocurrency with the highest loss was XRP (XRP) with 51.19%.
XRP, the fourth largest cryptocurrency, continues to experience lows and peaks. XRP, the crypto currency that made the most of the day by entering a strong uptrend with Spark Airdrop, was also the crypto money that lost the day by experiencing a sharp decline after the XRP network snapshot on December 12 due to the Spark Airdrop.
Today, XRP experienced a sharp drop again. The leading altcoin has lost 51% in the last 24 hours.
Why has XRP (XRP) crashed?
XRP entered a very sharp downtrend last night after the SEC announced that it would file an approximately $ 1.3 billion lawsuit against Ripple / XRP. Some smaller exchanges have announced that they are phasing out XRP. It has been claimed that Coinbase, one of the leading crypto currency exchanges, will also phase out XRP. A crypto asset manager liquidated the XRP position.
At the time of transmission, XRP is trading at $ 0.3129.
Related reading for detailed information on the subject
Official SEC statement on Ripple and XRP!
Eliminations started on XRP: Where will the situation be?
Bad news for Ripple not over: Bitwise XRP closes position
SEC responds to sanctions inquiries
