Ripple’s XRP Plummets, Ethereum (ETH) Claims Second Place in Top 10

The XRP digital asset, recently rebranded by Labs, Inc., has experienced a significant crash, leading to a “flippening” with Ethereum (ETH). This shift in market capitalization is not attributed to a surge in ETH prices; rather, both assets have been declining, with ETH reaching levels not seen since the summer of 2017 and losing most of its previous gains.

The situation for XRP is particularly dire, as expectations for trading on Coinbase have been dashed. Compounding this issue, a recent lawsuit was dismissed by the US Northern District of California, which highlights one of the major challenges faced by XRP.

This article was originally published by Cryptovest.