XRP hit the top 3 by USDT after a sharp drop

The native cryptocurrency from Ripple continues its downward trend, causing third place in terms of market capitalization.

Tether’s USDT took it back after a few months fourth, because his own market capitalization has grown to $ 167,613,338 on Coetecko.

Remember that XRP shot up in mid -July to a new highlight of $ 3.65 after it was broken from his consolidation phase at around $ 2.2. Since then, however, it has not been actively successful to maintain his run and it has often fallen under the crucial support rule of $ 3.

The last 24-36 hours were not nice for the entire cryptocurrency market and XRP was not saved. While BTC fell to a lowest point of seven weeks, Ripple’s cross -border token followed and slid to $ 2.73 for the first time since 3 August.

Despite the recovery of some land to act at just over $ 2.8 from the moment of the press, XRP is still 4% lower than the day and 6% per week.

Ripple has also lost a grip on the scale of the global assets. The company and its token, which had entered the top 100 assets after the July Rally, have now stopped from that prestigious club and are, according to 8marketcap, to 121st place.

Although Ripple is still above Sony, Airbus, Allianz and Accenture, it has lost the positioning to Charles Schwab, BlackRock and Xiaomi.

Despite the current disadvantage, several members of the community and analysts believe that XRP still has a long way to go, and here are some of the most optimist price forecasts.