Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details

TL;DR

• The entire cryptocurrency market turned red in the past hour or so, and Ripple’s cross-border payments token was not spared.
• XRP plunged to a weekly low, leaving over $60 million worth of short and mostly long positions wrecked.

A lot can change in the digital asset space within the span of just 12 hours. Recall that XRP stood tall earlier today at over $3.3 as the overall sentiment was dominated by the bulls with calls for a new all-time high (currently at $3.65).