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XRP inflows plunged a staggering 83% in a wild week for cryptocurrency markets, yet surprisingly outperformed the majority of its altcoin peers. It’s not your average drama-filled episode of crypto market shenanigans, but we’ll dive into the unexpected twist that saved XRP from total destruction.
If you’re still reeling from last week’s Bitcoin and Ethereum plunge, which wiped out $600 million in 24 hours, this news might have left you questioning the sanity of this cryptocurrency thing. But hold on to your digital wallet; it gets better (or worse) depending on your perspective.
As an oddity amidst a sea of red, XRP decided to play the role of Rocky Balboa – taking a financial beating but somehow staying on its feet. Amidst the chaos, investors’ faith in Ripple’s blockchain technology and potential for growth still kept them invested.
Source: cryptogiggle.com
