The cryptocurrency market has been consolidating over the last few hours as the volatility in the market has reduced. XRP, the native coin of the Ripple ecosystem, is down by less than 1% in the last 24 hours, and is now trading at $1.38 per coin. The coin lost its spot in the market to BNB, and recent performance doesn’t spark confidence despite positive news from the Ripple ecosystem. Ripple Labs has reportedly launched a new share buyback program to repurchase up to $750 million in shares from employees and early investors.
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