đBitcoinist analysis:
XRP Price Is Worst Performer Of The Top 10
The speculations that Ripple may have sold tokens to finance the Fortress Trust deal are as a result of the altcoinâs performance since the deal was announced. While there is a general bearish trend for the market, XRP looks worse off than the rest, especially when it comes to the top 10.
The likes of Bitcoin and Ethereum have been consolidating in a tight range after finding support last week. However, the XRP price has continued to decline. This suggests that XRP is still seeing a lot of selling pressure at a time when seller exhaustion is being marked across similar assets.
XRP is currently the worst performer of the top 10 largest cryptocurrencies by market cap after falling 1.6% in the last 24 hours. But there is no evidence of Ripple selling tokens, which means the sell pressure is likely coming from elsewhere.
