The price of Ripple, which was able to reach $ 0.7 yesterday and the highest level in the last two months, has been reduced by 40%.
To Report CoinDesk, the price of Ripple has now dropped to 40% in the last 24 hours, reaching about $ 0.36. This was while the digital currency had advanced to $ 0.75 yesterday.
In recent days, there have been many rumors about Ripple and the price of this digital currency. These margins pushed the price of Ripple to 0.75 and then fell again to around $ 0.6.
Many analysts believe that the rise in Ripple prices in recent days has been due to investors’ forecasts that prices will rise. It should not be forgotten that they suffered some huge losses in the meantime.
In connection with the reason for the decrease in the price of ripples, it can be suggested that a whale used the price jump and sold a large volume of its ripples. Pam and dump in the digital currency market and especially the ripple market is nothing new.
Interestingly, the director of the Ripple Association in Reddit has deleted the pre-arranged purchase forum; But Ripple’s high-margin telegram group is still active.