Ripple price (XRP) extended its underperformance since the start of this week; market pundits are suggesting different reasons for this – including the increasing supply of ripple coins and some are blaming its centralized nature. The price of the XRP coin plunged below $0.90 level today for the first time in the last month, even though Ripple made an agreement with 61 Japanese banks to develop a payment app called ‘Money Tap’.
The broader selloff in crypto markets due to increasing regulatory actions across the world has impacted ripple price in the last couple of days. …
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