Ripple is presently the third most valuable crypto with a market value of $20.5 billion.
The third most valuable crypto, XRP was trading at $0.49773 at the time this report was drafted, down by 10.07% on the day.
The extensive creation and unfolding of cryptocurrencies are “absolutely inevitable”, according to the CEO of a British-based bank.
XRP traded at $0.565884 and is down by 10.12% in the last 24 hours.
Ripple recorded its highest percentage gain since November 24, gaining up to 10.61%.
In simple terms, the implication of this is more liquidity in the Ripple network
XRP has a circulating supply of 45 billion coins and a max supply of 100 billion coins.
Ripple looks set for a bearish run after the recent decline.