Ripple Is Crashing

Since we questioned the reality of the ramp in Ripple yesterday, the so-called 'bankstercoin' has collapsed - erasing most of its 2018 gains...

Ripple is down 35% from yesterday's highs...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180105_xrp2.jpg

With ETH and BTC now beating it...

https://www.zerohedge.com/sites/default/files/inline-images/20180105_xrp1.jpg

It appears that crypto investors are rotating back to the 'safety' of Bitcoin as Ethereum and Litecoin are also seeing selling pressure today...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180105_xrp.jpg

CoinDesk reports  that a look at the top 10 ripple markets shows that the sharp retreat from the yesterday's high is mainly due to losses in the XRP/KRW (Ripple-Korean won) pair.

Also, profit taking in XRP/BTC (Ripple-bitcoin) may have played a role in dragging down XRP.