Ripple Extends the Selloff, Down 66% from an All-Time High

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Ripple XRP extends the downward trend in Tuesday trade, dropping more than 29% following renewed concerns over the potential ban from South Korea and China. Ripple is the most widely traded cryptocurrency in South Korea. Thus, its price plunged more than the other largest digital currencies on South Korean concerns.  In Tuesday trade, bitcoin and ethereum dipped 15% and 14%, respectively.

Ripple is amongst the biggest laggards in the last two weeks. After hitting an all-time high of $3.84 on Jan. 4, ripple lost almost 66% of its value in less than two weeks. The digital …

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