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XRP extends decline persists as SOPR resets
Ripple (XRP) is struggling to hold above a key support, trading at around $2.26 on Friday. The cross-border money remittance token has deepened its correction for four consecutive days amid a sticky bearish sentiment in the broader cryptocurrency market. Concerns over macroeconomic uncertainty due to the trade standoff between the United States (US) and China, along with the lack of price catalysts in the cryptocurrency market, are contributing factors to the sell-off. The sell-off on October 10 marked the largest deleveraging event in the history of the crypto industry, with liquidations totaling $611 million in XRP ... (full story)
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