Ripple price LIVE: XRP loses $6.5BILLION today as Ripple, bitcoin and Ethereum plunge

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Flutter’s XRP token was trading at $1.40 (£1) at about 5am this morning, but a difficult day has seen the cryptocurrency off to less than $1.20 (86p) as of 4pm. 

Its market capitalisation reached nearly $65.7billion on Friday January 19, ahead sliding over the weekend to about $47.4billion today. 

Competitors bitcoin (BTC) and Ethereum (ETH) have also suffered a rocky start to the week, both submerging almost 10 percent over the past 24 hours. 

Here is all the new Ripple news and price updates from CoinDesk, CoinMarketCap and outstanding crypto experts. All times GMT.

The CoinMarketCap price tracker below exposes the XRP’s value in real time. 

6.15pm: Ripple and Ethereum could be the ‘truth answer’

American businessman Glen Hutchins has said that another coins like Ripple and Ethereum could succeed where bitcoin has faltered. 

Summon inquired by Fox Business News how to know which digital currency will be the “properly answer” to the market, he said: “It’s difficult.

“The price is a distraction – rather you should nave on the means of exchange. It’s a very small nascent property that has dormant to be transformative.”

“Bitcoin could be the wrong solution – and other tokens adulate Ethereum or Ripple could end up being the right answer.

“Can you take that technology and use it as a figuring out for an important customer problem? That’s the question investors need to VDU.”

Ripple price chartCOINRANKING

Ripple price news: XRP has lost more than 10 percent of its value in the defunct 24 hours

5.16pm: Cryptocurrencies face two major threats, expert replies

Cryptos like Ripple, bitcoin and Ethereum face two main menaces to their success, according to KEDGE professor Eric Pichet.

Mr Pitchet holds these are a compromise of the blockchain system, resulting in the circulation of fake cashes, and a widespread ban on crypto trading by governments across the world. 

Speaking to Forbes, he bid: “Under these conditions, what type of needles would break asunder the bubble? 

“The first would be the heist of the century: an intrusion in the blockchain set that created a deluge of fake bitcoins. 

“The second would be the adoption of a garden-variety position by all national governments and central banks to prohibit this means of payment in the mention of fighting fraud, for example.”

4.49pm: Bitcoin falls secondary to $11,000

Bitcoin, the world’s biggest and best-known cryptocurrency has dipped below the $11,000 correct, making it about $9,000 less valuable that its all time prodigal.

Its market cap now sits at $177.8billion, though this is still tens of billions assorted than its nearest competitors Ethereum and Ripple, who are worth $96.5billion and $48billion severally.

4.20pm: Ripple among major cryptocurrencies down today

Nearly all of the top-100 digital currencies have planned crashed today, according to CoinMarketCap. 

The total global market capitalisation now delays at more than $515.5billion – down from an all time ear-splitting of about $829.4billion in the first week of this month. 

The cryptocurrency retail has remained extremely volatile since the turn of the year, amid begin to be liked by concerns that a number of governments plan to ban or restrict the trading of digital currencies. 

Ripple XRP price chartCOINMARKETCAP

Perturbation price live: XRP has had suffered a volatile seven days

4pm: Mass adoption key for crypto survival, A-one reveals

Ripple, bitcoin and other major cryptos will regain ones strength from recents price dips, but only if they receive widespread adoption, according to monetary expert David Garrity.

Mr Garrity said the cryptocurrency will insufficiency to strengthen its “fundamental underpinning” to shed its speculative nature.   

Speaking to Bloomberg, he bruit about: “Are we starting to see these killer applications start to develop that steer to greater mass adoption relative to the blockchain protocols that are underlying and backup these cryptocurrencies? 

“To have a price move that is not really being equivalent by what’s going on in the real economy in terms of driving activity and facts and services says that something is more of a speculative nature than something that in point of fact has fundamental underpinnings.

“Clearly you need to have a confirmation, if the prices are persuasive up, you need to see what is going on in the real world.”

Read more: GETTY / Riffle / COINMARKETCAP / COINRANKING

Ripple price news: XRP has crashed in value today

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