Will $XRP

price crash below $2 after erasing $6 billion in hours

Despite experiencing an admirable run to the upside starting at the beginning of November, XRP’s momentum has shifted — and the digital asset is now seeing prices making significant moves to the downside.

In the second to last week of December, XRP lost $20 billion in market cap — going from $152 billion to $132 billion. It has, unfortunately, continued this losing streak — at press time, the token’s market cap had receded to $116 billion, having shed $6 billion in a matter of hours on December 30.

At press time, XRP was trading at $2.03 — down 25.09% from a December 2 high of $2.71. Although year-to-date (YTD) gains stand at 230.84%, the token has seen prices decrease by 5.88% on the daily chart on strong volume.