Since yesterday afternoon, the price of XRP (XRP 5.24%) traded roughly 4% lower, as of 11:21 a.m. ET. The crypto route continued, with the price of Bitcoin, the world’s largest cryptocurrency, down nearly 3%, hovering around $83,000 per token, as of this writing.
A cascading effect
While nothing seems to be impacting XRP individually, the token is struggling alongside the rest of the sector. Part of the reason the crypto market is so volatile is that buying tends to beget more buying, while selling and forced liquidations trigger more selling. For this reason, when the crypto market falls, things often get worse before they get better.
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Interestingly, the…
