XRP Loses Top 3 Spot to USDT After Market Dip

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XRP is down by over 6% weekly

Ripple’s native cryptocurrency continues its downward trend, causing it to lose the third spot in terms of market capitalization.

Tether’s USDT has taken it back after a few months of being fourth, as its own market cap has grown to $167,613,338 on CoinGecko.

Recall that XRP skyrocketed to a new all-time high of $3.65 in mid-July after it broke out of its consolidation phase at around $2.2. Since then, though, the asset has failed to maintain its run and has frequently dropped below the crucial $3 support line.

The past 24-36 hours were not kind to the entire cryptocurrency market, and XRP was not spared. As BTC dumped to a seven-week low, Ripple’s cross-border token followed suit and slipped to $2.73 for the first time since August 3.


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