Why Ripple (XRP) Is Slipping 15% Tuesday – XRP (XRP/USD) #Ripple #XRP #Slipping #Tuesday #XRP #XRPUSD

Ripple XRP/USD is investing close to session lows, down by 14.85% to $.40 per Benzinga Professional, going into the near of Tuesday’s U.S. buying and selling session. The altcoin is lower amid issues over the economic ailment of cryptocurrency trade FTX.

What Took place?

Reviews surfaced Tuesday that FTX was halting withdrawals as it observed traders liquidate positions.

As buyers ended up dissecting the information and effect from the selloff, the leaders of Binance and FTX manufactured a surprising announcement.

“This afternoon, FTX asked for our support. There is a sizeable liquidity crunch. To protect customers, we signed a non-binding LOI, intending to entirely acquire FTX.com and assist go over the liquidity crunch. We will be conducting a total DD in the coming times,” Binance CEO Changpeng Zhao tweeted…Read Extra

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