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Why XRP Is Plummeting This Week

TheMotleyFool

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XRP (CRYPTO: XRP) has been suffering another valuation pullback in this week's trading. As of 4 p.m. ET on Sunday, the cryptocurrency's token price had fallen 6.2% over the past seven days of trading. Across the same period, Bitcoin's token price had declined 5%, and Ethereum was down 7.2%.

XRP's valuation is sliding this week as investors react to concerns about valuation bubbles in the cryptocurrency and stock market. With the pullback, the token's gains on the year have been cut to 12.5% as of this writing.

Image source: Getty Images.

Source Fool.com

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