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XRP Sheds Almost $5 Billion From Its Market Cap in a Month Despite Positive Ripple Lawsuit News

XRP has recorded phases of high price volatility in recent weeks as the token’s community monitors the progress of the ongoing cases between the Securities Exchange Commission (SEC) and Ripple. 

Indeed, XRP is undergoing selling pressure, resulting in the cryptocurrency losing $4.87 billion in market capitalization within a month. By press time on December 7, XRP’s market cap stood at $19.04 billion, representing a monthly drop of about 20% from $23.91 billion recorded on November 11. 

(by Eliman Dambell)

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