Ripple falls for second straight session by 1%

Ripple fell over one percent on Monday on continued profit-taking after marking widespread gains at the start of last week when it registered the best daily profit since September 21, and the second this year, as liquidity moved from collapsing cryptocurrencies such as Tether to major, safer ones such as Ripple. 

As of 06:50 GMT, Ripple fell 1.12% to $0.45949, with an intraday low at $0.45538, and a high at $0.46815, with Ripple's market value now receding to $44.9 billion. 

Ripple continued to experience profit-taking after rallying 12% last Monday, and marking the first weekly profit in three last week with a 13% overall surge. 

The Path of Ripple 

It's worth mentioning that Ripple was first launched on March 7, 2015, to start trading at $0.015, with the virtual currency losing nearly two thirds of its value by early 2016 to $0.0059, before rising 5% during 2016 to $0.0063, and then skyrocketing 28,000% to $1.748 by the end of 2017, before marking unprecedented highs in January at $3.30, then losing up to 90% of value on a violent selloff wave that stormed crypto assets this year. 

Ripple then reversed nearly 80% higher in only a few days in September on positive news for the cryptocurrency and its standing between major financial institutions.