The Reason Ripple Dropped Nearly 30% Over Night

Prices on Korean exchanges have apparently been over a dollar higher than other exchanges which prompted a decision by CoinMarketcCap to exclude those exchanges from price calculations.

This sudden decision and the consequential effect on ripple's short term price appearance likely caused a panicked sell off by spooked hair trigger investors.

There's a good write up by William Suberg over here that highlights the issue.

There is also mention some Korean Banks are being investigated for money laundering via crypto.

All in all however, it looks like ripple is here to stay, and the short term price drop may simply be an excellent opportunity to score some extra XRP at bargain prices!!

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