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Why XRP (Ripple) Plummeted This Week

TheMotleyFool

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The crypto token XRP (CRYPTO: XRP) fell this week, dropping 21.2% from last Friday's close. The move down comes as the S 500 lost 0.2% and the Nasdaq-100 gained 0.1% in the week's trading.

XRP wasn't alone. Much of the crypto market dropped this week, including market leader Bitcoin.

XRP had problems after technical issues caused the token's underlying blockchain to go offline for a few hours and stopped the usual flow of network "validation" -- an essential part of a crypto's security and function. The network was back online and functioning after a manual intervention.

Source Fool.com

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