XRP falls to lows of $0.25 cents in the past week, feeling the brunt of a tough week, an even tougher month, and a horrible year. 

Until two weeks ago, $0.26 had been a strong measure of resistance, with the coin bouncing upwards whenever it hit this level. But last week it broke through this level, and has fallen to yearly lows.

The last time XRP was this cheap was in December, 2017, before the bull run that saw its value skyrocket to $3.74. But anyone who bought at those levels, is now 93% in the red.

XRP
XRP
-11.25%$2.223
24H7D1M1YMAX
Created with Highcharts 10.3.3Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 24Feb 26Feb 28Mar 2Mar 4Mar 6Mar 8Mar 10Mar 12$2$3$1.75$2.25$2.5$2.75
Price data by
XRP price

XRP’s market cap is down, too: it’s sunk to $10.8 billion, less than a tenth of its all-time high.

Most cryptocurrencies saw a drop today. Bitcoin fell 3.8% last night—around $600—to $10,290. Ethereum felt last night’s chill too, and prices dropped 2.4% from highs of $178 to $168.

Have investors been spooked by the transfer of $1 billion worth of Bitcoin yesterday, rumored to be linked to the launch of Bakkt Warehouse? Watch this space.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.