The amount of XRP available for sale on exchanges reached 2.61 billion tokens on Binance as of August 8, following growing sell pressure and declining investor confidence. XRP’s market capitalization fell to approximately $64 billion, causing it to drop from the 4th to the 6th position among crypto assets. BNB took over XRP’s spot in the top 4, pushing XRP below stablecoins USDT and USDC. Despite the bearish sentiment, XRP briefly recovered to around $1.04 at the time of writing.
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