Ripple Price Fell 12 Percent On Binance!
Ripple (XRP), the 7th largest currency in the crypto market, lost 12 percent in just 50 minutes on the Binance.
Ripple price fell 12 percent on Binance. Ripple price has seen a double digit drop within minutes.
Lost 12 Percent Value in Minutes
Ripple (XRP), the 7th largest cryptocurrency in terms of market value, has recently declined by 12 on the Binance exchange in just 50 minutes. Ripple fell to the $ 0.472 level and neutralized its previous gains. After this sharp setback, the cryptocurrency had an impressive recovery while currently trading at $ 0.52.
After Bitcoin, the most valuable cryptocurrency, fell to $ 54,000, BTC saw a large amount of liquidation in futures exchanges. According to the data announced by Bybt, the cryptocurrency worth $ 1.7 billion has been liquidated in the last 24 hours. In addition, $ 1.2 billion of market value was deleted in just 12 hours. Ripple ranks 4th in terms of total liquidation with $ 85.7 million.
$1.7 Billion Worth Of Cryptocurrency Liquidated
Binance Coin has endured a brutal correction. The coin fell to $ 249 on February 20, after climbing to $ 348 the previous day. Overall, Ripple and Binance Coin are the two worst performing cryptocurrencies in the top ten. They are followed by Litecoin and Bitcoin Cash.
In addition, Ripple co-founder and inventor of Stellar, Jed McCaleb, continues to unload millions of XRP cryptocurrencies into the market. Jed McCaleb has consistently sold 38 million tokens daily during this week. According to Leonidas Hadjiloizou, Jed McCaleb still has 2.49 billion XRP. In contrast, XRP sales are predicted to decrease next week due to the cryptocurrency’s decreasing trading volume.